Market Daily: BTC bounced back after bottoming out

特邀专栏作者

2019-11-15 18:51 (UTC+8)

This article is about 1550 words, reading the full article takes about 3 minutes

Decentralized finance (DEFI) has been proposed and developed for a while, and Bitcoin has also recovered to a certain extent since a few years ago. So which one is the better investment product?

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Decentralized finance (DEFI) has been proposed and developed for a while, and Bitcoin has also recovered to a certain extent since a few years ago. So which one is the better investment product?

1. Industry Interpretation

Decentralized finance (DEFI) has been proposed and developed for a while, and Bitcoin has also recovered to a certain extent since a few years ago. So which one is the better investment product?

First of all, let’s review what DeFi is. FinTech, which was popular in the West a few years ago, used machine learning and artificial intelligence to predict and judge the market. DeFi uses blockchain technology and distributed ledgers to provide financial services. Compared with FinTech, DeFi has no credit system.

This year, many emerging platforms have achieved good development, and their yields have also seen relatively high growth. According to statistics, if you invest in Bitcoin at the beginning of the year, the current rate of return will be more than 100%, while if you invest in DeFi, the rate of return is only about 30%. So does it mean that DeFi investment is not as good as digital currency?

As the banking system slowly fades away, so too will the future of decentralized finance thrive.

2. Today's market overview

In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 38.

3. Distribution of currency rise and fall

Among the top 100 currencies by market capitalization today, the currencies still have little change. MKR and AOA suffered the biggest declines, with a drop of about 10%. The biggest gainer was XVG, which rose by 36%.

4. Trading volume analysis

Most of the top 30 currencies by trading volume today have not changed much. HT fell below the strong support all the way yesterday, and was pulled back by a wave today, very much like BNB yesterday. Except for the slight increase of stable coins, the rest have minor fine-tuning.

The total supply of the stablecoin market is about 5.15 billion US dollars, no significant change from yesterday. Among them, USDT increased the most, with an increase of about 8.63 million US dollars. The USDT OTC Index (USDT OTC Index) reported 100.22 points, up 0.87% in 24 hours. The USDT FTP Index reported 99.83 points, down 0.06% 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 touched the lower rail of the large-scale descending triangle and the daily support level, and finally ushered in a strong rebound, but was smashed back by the lower rail of the triangle, and the dealer forcibly cut a wave of leeks. At the 30-minute level, although it is on an upward trend within the day, the air force is obviously still strong. Looking at the 5-minute level, BTC has just stopped, and it is expected to fluctuate for a while and continue the previous downward trend.

To sum up, if BTC rebounds, you can go short. The operation suggests shorting around 8695, with a stop loss of $80.

ETH: ETH was pulled back after breaking, and is now hovering at the threshold. The operation recommends short-term shorting around 185.5, with a stop loss price of 188.

EOS: EOS has a strong intraday trend, but the upper pressure is too great. The operation suggests shorting around 3.48, with a stop loss price of 3.5.

LTC: The recent trend of LTC is weak, and today's rise has not gone out of the downward channel. Operational recommendations are mainly shorting near 60.4, with a stop loss price of 62.

EOS

ETH

BTC

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