Market analysis: The tail shocks and washes up, and it may come out next week

QKL123

特邀专栏作者

2019-09-20 18:30 (UTC+8)

This article is about 2987 words, reading the full article takes about 5 minutes

Two events in the next week may be fermented, which may reverse the recent situation.

AI Summary

Two events in the next week may be fermented, which may reverse the recent situation.

Abstract: After a strong wash in the market yesterday and this morning, the upper edge of the triangle convergence range of Bitcoin’s extension line fluctuated and went down. Ethereum’s performance was slightly strong, and most altcoins were slightly weaker. The wash may continue in the near future. Two events in the next week may be fermented, which may reverse the recent situation.

According to the statistics of QKL123, at 13:00 on September 20, 2019, the total market value of the global Token market was 1,941.180 billion yuan, with a 24-hour total market value increase or decrease of +3.64%, and the total turnover was 1,407.030 billion yuan, with a total turnover change of +3.44% , market activity increased slightly. The Babbitt Composite Index reported 14078.88 points, with a 24-hour change of +3.30%; the Alternative sentiment index was 41, an increase from yesterday (31), and the market sentiment remained fearful.

Among the top ten encrypted assets by market value (excluding USDT), ETH has the largest 24-hour increase (+5.45%), and XLM has the largest 24-hour decrease (-2.76%). BTC’s 24-hour rise and fall +2.82%, the market capitalization ratio (65.58%) is slightly lower than yesterday, and the market’s risk aversion sentiment has slightly decreased. USDT’s 24-hour price change was -0.52%, and the net inflow of funds today was 800.1253 million yuan, which was a significant increase from yesterday; the ChaiNext USDT OTC discount and premium index was at 99.38, with a 24-hour price change of -0.32%.

Analyst view:

There are two very noteworthy events next week, when the market may ferment:

First, on September 23, Bakkt launched futures contracts. Bakkt was born with a golden spoon in its mouth. Its participating investors include Horizons Venture Capital under Li Ka-shing, Tencent’s major shareholder Naspers, Microsoft Ventures, Boston Consulting Group, Intercontinental Exchange, Starbucks, etc., and will provide compliant Bitcoin physical delivery futures products and Related Services. The launch of the exchange is beneficial to the ecological development of the cryptocurrency industry and will also bring new blood to the market.

1. Spot BTC market

1. Funding

2. Fundamentals

2. Spot ETH market

1. Funding

2. Fundamentals

3. Spot LTC market

1. Funding

2. Fundamentals

4. Spot EOS market

1. Funding

2. Fundamentals

secondary title

1. Long term (1-3 years)

2. Midline (January-March)

3. Short term (1-3 days)

QKL123 (Blockchain 123) is a comprehensive data service provider integrating blockchain website navigation, digital currency market, and blockchain data.

Note: Encrypted assets are high-risk assets. This article is for decision-making reference only and does not constitute investment advice.

QKL123 (Blockchain 123) is a comprehensive data service provider integrating blockchain website navigation, digital currency market, and blockchain data.

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