The external environment has not warmed up, and the market is still under heavy pressure
Review of last issue
Review of last issue
BTC: Focus on whether BTC can break through the $7,000 mark in large volume. If it breaks through in large volume and stands firm, it will continue to rise. If it goes down after multiple tests, BTC will go back to test the support of 6,000. BTC is always in a wide range between $6,000 and $7,000.
BCH: If BCH breaks through $240 in heavy volume, the market will be bullish again. However, the current trading volume is gradually shrinking, which inhibits the upward momentum to a certain extent, and the market is in a wait-and-see state. BCH rose to test $250, but finally closed below $240.
Highlights of this issue
Highlights of this issue
Summary: According to the standard consensus sentiment index, the current market sentiment is frenzied, and the latest index is 2.89. When the market enters a frenzy, there is no significant increase in turnover. It shows that no new funds have entered the market, and investors need to be alert to possible rapid declines in prices.
BTC: Pay attention to whether BTC can stand at $7,000. The external environment has not improved significantly, so it is necessary to guard against the rapid decline of BTC if it fails to stand at $7,000.
BCH: Observe the growth of BCH's trading volume between $240 and $250. If the trading volume is effectively enlarged, it will indicate effective support for the upward trend.
current report
As of the release of the report (April 3, 2020), the total market value of global digital currency assets this Friday was US$189.749 billion, a year-on-year increase of US$1.706 billion, or 0.91%. The 24-hour market turnover was US$143.800 billion, a year-on-year increase of US$28.108 billion or 24.30%. The market value fluctuated to a certain extent this week, but overall there was a slight increase, and the 24-hour turnover rebounded to a large extent, indicating that market sentiment has warmed up.
Data source: standard consensus, CoinMarketCap
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Data source: standard consensus, CoinMarketCap
Data source: standard consensus, CoinMarketCap
The standard consensus quantitative platform selects quantitative products to help investors overcome bulls and bears. Whether the market is rising or falling, quantitative products will maintain steady growth according to their free rhythm. Trading itself is still an extremely professional job. In the face of emergencies and black swans, professional investors have their own more rational judgments and market experience brought by long-term employment to help professional investors face market changes.
Trend review and analysis of BTC, ETH, BCH
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 31.01%, which is 5.32% higher than the average daily turnover rate in the past three months, and 7.18% lower than the average daily turnover rate last week. After testing $6,000 this week, BTC fluctuated and pulled up, and successfully broke through $7,000. The trading volume is also gradually increasing. BTC stepped back quickly after breaking through $7,000, and the market still lacks a consistent upward momentum. Pay attention to whether BTC can stand at $7,000. The external environment has not improved significantly, so it is necessary to guard against the rapid decline of BTC if it fails to stand at $7,000.
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.
