Ethereum has frequent positive news, can it lead the market to turn bullish?

标准共识

特邀专栏作者

2020-04-17 18:17 (UTC+8)

This article is about 1925 words, reading the full article takes about 3 minutes

AI Summary

Expand

Review of last issue

BTC: Pay attention to whether BTC can regain $7,000. In the short term, BTC has a certain demand for callbacks, and the actual economic situation has not yet improved, and the market still has a strong willingness to short. From April 10 to April 17, BTC dropped to a minimum of $6,480, and then rose to a maximum of $7,190 stimulated by good news.

BCH: BCH needs to increase the price to attract the return of computing power, but there is a lot of pressure on the top, the price support point is $220, and the pressure point is $250. From April 10 to April 17, BCH dropped to $206 at the lowest and rose to $239 at the highest. The pressure point has not been broken.

Highlights of this issue

Summary: According to the standard consensus sentiment index, the current market sentiment is good. The latest index is 1.02, and the turnover on April 16 has increased to a certain extent, indicating that wait-and-see funds are gradually entering the market. However, the off-market price of USDT has fallen from the previous high of 7.50 to around 7.13, a large drop, indicating that the entry of off-market funds has slowed down, and the market will enter a state of on-market capital games in the short term. If the stimulus benefits cannot further strengthen the market's bullish expectations, the market will enter the process of double bottoming.

BTC: In the short term, BTC is mainly long. The stop loss point is $6,900. Pay attention to whether the good news can continue to ferment. The target profit point can be set at $7,400.

EOS: In the short term, EOS can be short-term and short-term. The stop loss point is set at $2.8. After the price breaks through, it can be heavy and long.

current report

As of the release of the report (April 17, 2020), the total market value of global digital currency assets this Friday was US$203.155 billion, a year-on-year decrease of US$912 million, or 0.45%. The 24-hour market turnover was US$163.016 billion, a year-on-year increase of US$35.505 billion or 27.84%. This week, the market capitalization has not changed significantly year-on-year, but the market has experienced a swing of about 10%, the turnover has been significantly enlarged, and the funds are stimulated by the positive impulse to enter the market. However, it is still unknown whether the positive stimulus can continue, and investors still need to control the proportion of their positions.

Data source: standard consensus, CoinMarketCap

According to the standard consensus sentiment index, the current market sentiment is good. The latest index is 1.02, and the turnover on April 16 has increased to a certain extent, indicating that wait-and-see funds are gradually entering the market. However, the off-market price of USDT has fallen from the previous high of 7.50 to around 7.13, a large drop, indicating that the entry of off-market funds has slowed down, and the market will enter a state of on-market capital games in the short term. If the stimulus benefits cannot further strengthen the market's bullish expectations, the market will enter the process of double bottoming. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has not changed significantly, fluctuating around 64%; the market value of other currencies has not changed significantly. BTC is still in the dominance of the market, and the overall market volatility is weak.

Data source: standard consensus, CoinMarketCap

According to the standard consensus halving countdown index, the current block height of BTC is 626,371, and there are only 25 days left before the next halving. The halving of the BTC output value is just around the corner, and the difficulty of BTC mining has dropped significantly. Although the BTC price has risen to a certain extent, the current BTC price will still lead to the decline of a large number of mining machines.

Trend review and analysis of BTC, ETH, EOS

According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days was 29.70%, an increase of 2.38% from the average daily turnover rate in the past three months, and an increase of 0.03% from the average daily turnover rate of last week. In the past 7 days, BTC dropped to a minimum of $6,480 after repeatedly testing $7,000 without success. Afterwards, stimulated by the positive news, it quickly rose on April 16, with an increase of more than 5% in two hours, accompanied by a certain degree of trading volume. There is even a buy order of 1000 BTC in the trading of spot trading pairs. However, the current global economic situation has not improved. It is only relying on the release of water from various countries to promote the stability of financial assets. If the economic data further deteriorates, BTC will also be fatally hit. In the short term, BTC is mainly long. The stop loss point is $6,900. Pay attention to whether the good news can continue to ferment. The target profit point can be set at $7,400.

According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days is 92.73%, which is 10.42% higher than the average daily turnover rate in the past three months, and 0.35% lower than the average daily turnover rate of last week. ETH has been in a weak and volatile trend for the past 7 days, but in the good news on April 16, China will launch a national blockchain platform, and Ethereum and EOS are supportable public chain frameworks. Affected by this news, ETH rose by more than 10% within 2 hours. ETH is currently in a positive and frequent state, Ethereum 2.0 is about to go online, and the public chain framework that the national blockchain platform can support. ETH can be mainly long at present, and the stop loss point is set at ¥163.