The divergence between long and short has intensified, and there is still room for short-term growth
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 0.78. The market is in a period of shock and decline. The trading volume continues to grow, and the long-short situation in the market begins to diverge.
BTC: BTC will fluctuate in a wide range around $7,000 in the near future. The trading strategy is short near $8,000 and long near $6,000.
LTC: LTC has a high turnover rate, strong speculative sentiment, and large differences between long and short positions. Although there is still upward momentum, positions need to be strictly controlled.
current report
As of the release of the report (December 20, 2019), the total market value of global digital currency assets this Friday was US$190.020 billion, a year-on-year decrease of US$6.311 billion, or 3.21%. The 24-hour market turnover was US$78.080 billion, a year-on-year increase of US$18.03 billion or 30.02%. The market value has fluctuated violently, the downward trend has not reversed significantly, the 24-hour turnover has increased to a large extent, and the long-short sentiment has begun to diverge greatly.
Data source: standard consensus, CoinMarketCap
According to the standard consensus sentiment index, the current market sentiment is stable, the latest index is 0.78, the market is in a period of shock and decline, the trading volume continues to grow, and the long-short situation in the market begins to diverge. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has risen to a large extent, up 1.61% year-on-year. The market value of Bitcoin has fallen below 70%, but it is still more than 65% in the market control position; while the market value of other currencies There was no significant change in the proportion, only a year-on-year decrease of 0.04%. 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
Data source: standard consensus, CoinMarketCap
According to the standard consensus halving countdown index, the current block height of BTC is 608,875, and there are still 146 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 production has picked up, and the willingness of miners to mine has picked up.
Trend review and analysis of BTC, ETH, LTC
According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days was 16.87%, an increase of 1.6% compared with the average daily turnover rate in the past three months, and a decrease of 4.01% compared with the average daily turnover rate of last week. BTC has been in a fluctuating and negative trend as a whole this week. The price of BTC rebounded rapidly this Wednesday, with a large amplitude and a large rebound in trading volume. Investors have great differences between long and short. BTC will fluctuate in a wide range around $7,000 in the near future. The trading strategy is bearish near $8,000 and bullish near $6,000.
risk warning:
risk warning:
Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.
