Can the bulls break through the resistance suppression and usher in a rebound?
Review of last issue
Review of last issue
BTC: The upper pressure level of BTC is at $9,500, and the lower support level is at $9,000. The direction can only be determined after a large-scale breakthrough. BTC fell below the support of $9,000 and continued to shrink.
BCH: The pressure range of BCH is at $310. If it can break through in large volumes, it will open up room for growth. However, there is a strong demand for short-term callbacks, and the support range is $250. BCH failed to break through $310, and then continued to decline.
Highlights of this issue
Highlights of this issue
Summary: According to the standard consensus sentiment index, the current market sentiment is stable, the latest index is 0.85, the market is in a period of shock and decline, the trading volume is gradually shrinking, and market investment tends to be cautious.
BTC: The upper pressure level of BTC is constantly falling, and the lower support level is at $8,500. The trading volume continues to be sluggish, and the price will still be under pressure.
LTC: The support level of LTC is at $57. After falling below the heavy volume, it will fall below $50 and further decline to find a bottom.
current report
As of the release of the report (November 15, 2019), the total market value of global digital currency assets this Friday was US$236.395 billion, a year-on-year decrease of US$12.551 billion, or 5.04%. The 24-hour market turnover was US$69.208 billion, a year-on-year decrease of US$7.551 billion, or 9.84%. The fluctuation of market value is relatively small, mainly in sideways, and the 24-hour market turnover has a certain decline, indicating that market investors tend to be cautious in trading, but panic has not yet formed.
Data source: standard consensus, CoinMarketCap
According to the standard consensus sentiment index, the current market sentiment is stable, the latest index is 0.85, the market is in a period of shock and decline, the trading volume is gradually shrinking, and market investment tends to be cautious. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has dropped significantly, down 0.89% year-on-year. Compared with the same period last year, there was a certain increase, only a year-on-year increase of 0.53%. BTC is still in a dominant position in the market, and the rise and fall of BTC will continue to affect market trends.
Data source: standard consensus, CoinMarketCap
According to the standard consensus halving countdown index, the current block height of BTC is 603,829, and there are still 183 days before the next halving. It will take some time for BTC to realize the positive expectations of halving, but investors need to pay attention to the time of BTC halving. When the next halving is approaching, BTC prices will enter a cycle of rapid rise again. Recently, the efficiency of block generation has picked up, and the willingness of miners to mine has increased.
Trend review and analysis of BTC, ETH, LTC
Trend review and analysis of BTC, ETH, LTC
According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 12.54%, which is 1.65% higher than the average daily turnover rate in the past three months, and 1.49% lower than the average daily turnover rate last week. BTC is in a fluctuating and negative trend this week, and the trading volume is relatively sluggish, and investors' desire for trading is not strong. The upper pressure level of BTC is constantly falling, and the lower support level is at $8,500. The trading volume continues to be sluggish, and the price will still be under pressure.
According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days is 39.61%, which is 0.74% higher than the average daily turnover rate in the past three months, and 6.85% lower than the average daily turnover rate last week. ETH is currently in a stage of wide fluctuations, and the decline is smaller than other mainstream currencies. The pressure level of ETH is $200, and it is currently oscillating under the pressure level, and the support level is at $175.
