Market volatility climbed, investors' enthusiasm for trading was ignited

标准共识

特邀专栏作者

2020-02-07 19:31 (UTC+8)

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Review of last issue

BTC: BTC may fluctuate and consolidate below $9,500 for a period of time in the near future, digest the previous profit-making chips, and wait and see the market status. If it breaks through $9,500, it will further rise rapidly. BTC oscillates between $9,100 and $9,500, and after breaking through $9,500, it has now risen to $9,900.

BCH: The pressure level of BCH is at the previous high level. Once BCH quickly breaks through $500, the early hold-ups will become supporters again, forming a solid support platform and driving the price to rise further. BCH is currently rising to $460, which is still far from the previous high.

Highlights of this issue

BTC：$10,Summary: According to the standard consensus sentiment index, the current market sentiment is frenzied. The latest index is 2.88. The market is volatile and rising. Investors' trading enthusiasm is gradually ignited, and the market has entered an active trading stage.

The psychological pressure of the 000 integer mark is obvious, and it will be tested many times, and it is necessary to guard against a callback after a false breakthrough.

BCH: The pressure level of BCH is still at the round mark of $500, and the hold-up is heavy in the early stage. BCH will fluctuate and consolidate below $500 for a period of time.

current report

As of the release of the report (February 7, 2020), the total market value of global digital currency assets this Friday was US$277.701 billion, a year-on-year increase of US$17.667 billion, or 6.79%. The 24-hour market turnover was US$140.752 billion, a year-on-year increase of US$18.953 billion or 15.56%. The market rose in heavy volume. After a period of market volatility, the market value and turnover rose again at the same time, indicating that investors are enthusiastic about trading, but it is still necessary to guard against the downside risk caused by excessive investor enthusiasm.

Data source: standard consensus, CoinMarketCap

According to the standard consensus sentiment index, the current market sentiment is frenzied, the latest index is 2.88, the market is volatile and rising, investors' trading enthusiasm is gradually ignited, and the market has entered an active trading stage. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has dropped significantly, down 1.98% year-on-year, and the market value of Bitcoin has fallen below 65%. The market value of other currencies has risen to a certain extent, up 0.5% year-on-year. Although BTC is still in a dominant position in the market, other mainstream currencies have begun to exert their strength, driving the overall market enthusiasm to rise.

Data source: standard consensus, CoinMarketCap

According to the standard consensus halving countdown index, the current block height of BTC is 616,331, and there are still 91 days before the next halving. It will take some time for BTC to realize the positive expectation of halving, but investors need to pay attention to the time of BTC halving. The next halving is approaching, and the price of BTC is gradually recovering to $10,000.

Trend review and analysis of BTC, ETH, BCH

According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 18.31%, which is 1.79% higher than the average daily turnover rate in the past three months, and 1.49% higher than the average daily turnover rate last week. After BTC fluctuated sideways for a period of time, it rose again and broke through the $9,500 pressure level, and the current highest rise is around $9,900. However, although the trading volume is still high, the volume has shrunk to a certain extent, indicating that the psychological barrier of BTC $10,000 is still under great pressure. The psychological pressure of the $10,000 integer mark is obvious, and it will be tested many times, and it is necessary to guard against a callback after a false breakthrough.

According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days was 62.58%, an increase of 8.06% from the average daily turnover rate in the past three months, and an increase of 6.16% from the average daily turnover rate of last week. ETH quickly rose in heavy volume, and continued to rise in heavy volume after breaking through $200, reaching a maximum of $221. However, there is a certain stagflation at present, market investors have begun to have certain differences, and there is a certain demand for a correction in terms of prices. ETH has a certain need for a correction in terms of price. If it does not fall below the $200 integer mark, it will be an opportunity to increase its position again.