The bull trend is completely broken and the market is back in the bear market

特邀专栏作者

2019-11-08 17:41 (UTC+8)

This article is about 1418 words, reading the full article takes about 3 minutes

Among the top 100 currencies by market capitalization today, most of them continued to accelerate their decline, and all mainstream currencies fell.

AI Summary

Among the top 100 currencies by market capitalization today, most of them continued to accelerate their decline, and all mainstream currencies fell.

1. Industry Interpretation

Recently, the world's first blockchain museum was established in Hamburg, Germany. This is a pop-up history museum. It is jointly funded by this year's blockchain internet celebrity project Algorand and the World Chess Championship.

This project was designed by Turing Award winner Silvio Micali, a professor at MIT and the founder of Algorand.

Friends may be thinking that something as new as the blockchain has been built as a museum? In fact, the emergence of the blockchain concept can be traced back to 60 BC, and it has been decades since the introduction of encrypted digital currency to the appearance of the first bitcoin.

According to news reports, blockchain has become one of the mainstream technology platforms now, and Algorand and World Chess are cooperating in this regard to promote the history of blockchain to people.

2. Today's market overview

The total market value of the market today is 248.3 billion US dollars, a decrease of 3% compared to yesterday. Trading volume was $76.4 billion, down 3% from yesterday. The total market value has not changed significantly for two consecutive days, and the trading volume has gradually decreased.

In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is normal, with a panic and greed index of 42.

3. Distribution of currency rise and fall

Among the top 100 currencies by market capitalization today, most of them continued to decline at an accelerated rate, and all mainstream currencies fell. The biggest declines were DCR and BCN, with a drop of 10%. It was followed by XRP and BSV, which fell by 6%. The biggest increase was DX, which rose by 17%, followed by MKR, which rose by 14%.

4. Trading volume analysis

Among the top 30 currencies by trading volume today, the trading volume is generally not very active. Ignore the flashed OF for now. The most fluctuating trading volumes are all within 30%. Generally speaking, there is a slight drop, but the price has dropped a lot. It shows that the possibility of the dealer's luring is relatively small.

The total supply of the stablecoin market is about 5.17 billion US dollars, a decrease of 0.15% from yesterday. Among them, USDT increased the most, with an increase of about 3 million US dollars. The USDT OTC Index (USDT OTC Index) reported 100.10 points, up 0.71% in 24 hours. The USDT FTP Index reported 99.90 points, down 0.09% in 24 hours.

Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.

5 minutes

30 minutes

【BTC】BTC's sharp drop today has broken the previous upward trend, and the general direction has basically been re-established. In 30 minutes, the long trend has been broken and the short trend has taken shape. In 5 minutes, it has reached a strong support level in the short term, and it needs to accumulate strength if it falls below.

To sum up, BTC can be shorted if it rises. It is recommended to do more near 9123 and stop loss at 9201.

ETH: ETH is also hovering around the support level. The operation recommends short-term shorting around 186.1, with a stop loss of 188.4.

EOS: EOS has returned to the shock range. Operational recommendations are mainly shorting near 3.25, with a stop loss price of 3.57.

LTC: The space below is relatively large. The operation suggests shorting around 61.2, with a stop loss price of 62.5.

BCH

EOS

ETH

BTC

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