Market analysis: the market fluctuates in a wide range, long and short continue to wait and see

特邀专栏作者

2019-09-29 18:13 (UTC+8)

This article is about 2802 words, reading the full article takes about 5 minutes

At present, Bitcoin has fallen to the 200-day moving average, which is likely to be the bottom of the phased adjustment, but the tormenting market may continue for a while.

AI Summary

At present, Bitcoin has fallen to the 200-day moving average, which is likely to be the bottom of the phased adjustment, but the tormenting market may continue for a while.

Abstract: Today, Bitcoin fell back slightly after the pin was inserted upwards, and altcoins were mainly linked to Bitcoin. The short-term market is stalemate between long and short, and the continuation of range shocks is the main focus. At present, Bitcoin has fallen to the 200-day moving average, which is likely to be the bottom of the phased adjustment, but the tormenting market may continue for a while.

According to the statistics of QKL123, at 13:00 on September 29, 2019, the total market value of the global Token market was 1,585.202 billion yuan, the 24-hour total market value increased or decreased -0.49%, the total turnover was 352.758 billion yuan, and the total turnover changed -12.46% , the market activity has decreased. The Babbitt composite index reported 11064.36 points, with a 24-hour change of -0.94%; the Alternative sentiment index was 33, a slight increase from yesterday (32), and the market sentiment was expressed as fear.

The Bitcoin Strength Index reported 97.04 points, with a 24-hour change of +0.50%, and the market's risk aversion sentiment increased slightly. Among the top ten encrypted assets by market value (excluding USDT), ETH has the largest 24-hour drop (-1.44%), and BCH has the largest 24-hour rise (+1.09%). USDT’s 24-hour change was +0.52%, and the net inflow of funds today was 358.2872 million yuan, a slight increase from yesterday; the ChaiNext USDT OTC discount and premium index reported 100.86, and the 24-hour change was +0.14%.

Analyst view:

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

According to the statistics of DappRadar, the overall activity of EOS DApps increased slightly in 24 hours, and the number of new Dapps was 0. Among them, the number of 24-hour active users of the game EOS Dynasty was 2.8k, a change of +4.25% from yesterday; the number of 24-hour active users of the data application Lumeos was 1.5k, a change of -0.61% from yesterday; the number of 24-hour active users of the quiz application PokerKing was 1.3k , a change of -1.32% from yesterday; the number of 24-hour active users of the trading application Newdex is 1.4k, a change of +5.96% from yesterday.

1. Long term (1-3 years)

2. Midline (January-March)

3. Short term (1-3 days)

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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