Bears continue to exert force, but obviously lack of stamina
1. Industry Interpretation Recently, according to the statistics of BitMEX, the world's largest digital currency futures exchange, the trading volume of BTC has reached a new low in 2019. And this situation is similar to the situation in November last year, when the BTC transaction volume has been stagnant and continued to hit new lows.
The trading volume represents people's attention to BTC. According to this trading volume, only one word can be used to describe the market, that is "lifeless".
According to BitMEX statistics, the activity of BTC continued to increase in the summer months, and the highest open volume exceeded 1 billion, but now the number of BTC released is only more than 40 million. Of course, the price of BTC is also falling.
According to Coinmarketcap statistics, after BTC surged on October 25, the daily trading volume of the entire market once exceeded 100 billion U.S. dollars, but it didn’t take long before the trading volume dropped back to 60 billion U.S. dollars.
2. Today's market overview
2. Today's market overview
The total market value of today's market is 234.1 billion US dollars, a decrease of 0.1% compared with yesterday. The trading volume was US$63.2 billion, an increase of 0.2% compared to yesterday. The market hit a strong support level and ushered in a rebound.
3. Distribution of currency rise and fall
In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 38.
Among the top 100 currencies by market capitalization today, the overall change has not been great. The market started to stabilize today after falling continuously over the weekend. The currency that fell the most was BCN, which fell by about 8%. The currency that rose the most was the small currency FSN, which rose by as much as 86%.
4. Stablecoin analysis
5. Technical Analysis
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. Technical Analysis
30 minutes
[BTC] BTC continued to fall over the weekend, and short sellers continued to exert force. BTC was smashed to the lowest point of 8368 and then pulled up strongly. The short-term short-term has been weak. In 30 minutes, BTC has bottomed out, and there is a high probability that there will be a rebound in the short-term. In 5 minutes, BTC has just stabilized, and it is difficult for short sellers to continue to drop.
To sum up, BTC can do more on dips in the short term. It is recommended to do more around 8455, with a stop loss of 80 knives.
ETH: ETH bulls are clearly back. It is recommended to do long around 182 in the short term, with a stop loss price of 179.
EOS: EOS trend is also stronger than BTC. It is recommended to do more around 3.348, with a stop loss price of 3.33.
LTC: The trend of LTC is similar to that of EOS, but the large level is slightly weaker than that of EOS. It is recommended to do more around 57.4, with a stop loss price of 55.9.
BCH: The trend of BCH is relatively stable, but it fluctuates greatly. It is recommended to do more around 262, and the stop loss price is 260.
