Varieties are rising in rotation, and the market is enthusiastic

特邀专栏作者

2020-02-14 18:31 (UTC+8)

This article is about 1488 words, reading the full article takes about 3 minutes

According to the standard consensus sentiment index, the current market sentiment is frenzied. The latest index is 2.44. The market has entered an active trading stage, and the varieties are rising in rotation, and the platform currency and mainstream cu

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Review of last issue

BTC: Although there is still a large amount of trading volume, 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. The highest price of BTC rose to $10,500, and the lowest retreated to $9,700.

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. BCH has yet to break the $500 resistance level.

Highlights of this issue

Summary: According to the standard consensus sentiment index, the current market sentiment is frenzied. The latest index is 2.44. The market has entered an active trading stage, and the varieties are rising in rotation. Platform coins and mainstream currencies are alternately active.

BTC: The medium-term upward trend has not changed, and there will be a certain pullback pressure in the short term. It is expected to test the support of $10,000.

TRX: The pullback pressure of TRX is increasing. If the trading volume cannot increase effectively again, it may test around $0.23.

current report

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Data source: standard consensus, CoinMarketCap

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Data source: standard consensus, CoinMarketCap

According to the standard consensus halving countdown index, the current block height of BTC is 617,316, and there are only 85 days left 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 21.46%, which is 4.28% higher than the average daily turnover rate in the past three months, and 3.15% higher than the average daily turnover rate last week. This week, BTC’s overall volatility climbed. Although the price fluctuated to a certain extent at the $10,000 mark, it was not obvious, and generally failed to hinder the upward trend. On February 13, the price of BTC fluctuated rapidly up and down, and the market began to diverge in price trends. The medium-term upward trend has not changed, and there will be a certain pullback pressure in the short term. It is expected to test the support of $10,000.

According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days was 71.50%, an increase of 14.61% from the average daily turnover rate in the past three months, and an increase of 8.92% from the average daily turnover rate of last week. ETH rose more than 20% this week, and the trading volume increased in stages. After confirming the support of $200, it continued to rise. After a period of consolidation, ETH will rise again and will challenge the $300 resistance.