The blunt knife cuts the meat of the market, focusing on the heavy volume signal

Bakkt Bitcoin Futures Officially Launches Trading Today at 8AM, according to the Bakkt official website, 8 transactions were completed in the morning, 8 bitcoins were traded, and the last quotation was 10087.5 US dollars.

This data can only say that the opening was unfavorable, and it will take a longer time to test whether institutional investors buy it. This is a gradual process, and Rome cannot be built in a day, but Bakkt's move will undoubtedly make BTC more popular,Backed by the strong trust endorsement of Intercontinental Exchange ICE, BTC can reach a wider audience and institutional investors with the help of such derivatives。

As mentioned in the previous article,An important function of futures markets is price discovery. The development of futures markets such as Bakkt will restrain the crazy speculative factors of BTC to a certain extent and bring the price back to value.The price fluctuation of BTC spot is expected to become flat and relatively stable, which happens to be the focus of traditional hedge funds. The design mechanism of constant BTC total amount and halved deflation can become an alternative investment portfolio product in the era of global monetary quantitative easing and negative interest rates, and has attracted the attention and favor of the public.

Of course, the above mentioned are all positive effects in the medium and long term. In the short term,The news is good news, and the market has not yet made a substantial upward breakthrough in the triangle consolidation pattern, which means that the short-term trend is not optimistic and may form a downward trendOperation suggestion:

Operation suggestion:

BTC: In the past few days, the overall trend has fluctuated slightly around 10,000 US dollars. The 4-hour level, the K-line trend is in a short position, and the negative and downward trend is clear at a glance. In the short term, look at the digestion of the news of the Bakkt contract online. The strong support is 9000-9300 US dollars, the pressure The position is 10300-10500 US dollars, pay attention to the possibility of market changes caused by the heavy volume signal of the dealer.

However, judging from Okex’s contract big data, the BTC contract position is showing a steady upward trend. Before the large-scale, the market will continue to consolidate in the range of 9,800-10,200 US dollars.

ETH: High order trend, short-term strong support at 200 US dollars, in the absence of a significant rebound in the broader market, mainly lighten up positions on rallies.

LTC: The hourly level has rebounded slightly, but the volume is weak and cannot support the independent market. In the short term, focus on the support of 70 US dollars.

BCH: Short-term volatile trend, both ups and downs are weak, continue to pay attention to the support of $300, if it does not break the support, you can continue to hold chips.

EOS: short-term correction, 3.8 US dollars is the short-term support, the risk of falling below intensifies, and the upper pressure is 4 US dollars. EOS is expected to carry out a hard fork upgrade at 11 o'clock tonight. The news may have a negative impact on the market, so pay attention to short-term risks.

XRP: The daily level has a relatively large retracement. If it cannot effectively recover above US$0.28 (MA60 daily moving average) in a short period of time, there will be a risk of continued decline. The lower support is US$0.25. It is not recommended to enter the market in the short to medium term.

TRX: The short-term decline, the daily line level is suppressed by the MA60 moving average (0.0185 US dollars), and there is no good market in the short term.

ETC: It broke below the support of the MA60 moving average, and the strong support below is 5-5.4 US dollars. From the perspective of volume-price relationship, you can take a small amount of positions on dips.

Platform tokens: Following the market’s downward and volatile trend, pay attention to the support points of each platform token for a short time, and pay attention to risks when the volume falls below. The short-term support of BNB is 18 USD, HT is 3.7 USD, OKB is 2.3 USD, and GT is 0.65 USD.