The market has risen immeasurably, can it boost Bitcoin to break through 10,000?
Review of last issue
Review of last issue
BTC: BTC has been mainly shorted, and the stop loss point is set at $9,300. If BTC falls below $8,000, it will completely open up the room for decline, and the decline may exceed 20%. It dropped to $8,600 on May 25th, and then gradually rose and recovered.
BCH: BCH is mainly short-selling, the stop loss point is moved down to $240, and the profit stop point is $210. BCH fell as low as $220 and broke through the stop loss point on May 29.
Highlights of this issue
Highlights of this issue
Summary: The standard consensus market composite index was 1,119.45 points, and the index rose by 6.04% within a week, which was higher than the increase in the market value of the whole market. In the short term, the market has entered a stage of volatile upward trend. According to the standard consensus sentiment index, the current market sentiment is good. The latest index is 1.23. The trend of the index and the trading volume are opposite. The divergence of funds is large and the kinetic energy is weak. round up.
BTC: BTC has entered a wide range of volatility. When the price of BTC breaks through $9,700, it is expected to test the $10,000 pressure range again.
BCH: BCH is still under the pressure of $245. If the volume of BCH breaks through $245, there will be more BCH idling.
current report
As of the release of the report (May 29, 2020), the total market value of global digital currency assets this Friday was US$264.718 billion, a year-on-year increase of US$13.884 billion, or 5.54%. The 24-hour market turnover was US$114.312 billion, a year-on-year decrease of US$12.978 billion or 10.20%. This week, the market capitalization of the entire market has shrunk and increased. The 24-hour turnover has continued to decline for two consecutive weeks. The decline in this week's turnover has narrowed, and the upward momentum is not obvious.
Data source: standard consensus, CoinMarketCap
The standard consensus market composite index was 1,119.45 points, and the index rose by 6.04% within a week, which was higher than the increase in the market value of the whole market. In the short term, the market has entered a stage of volatile upward trend. According to the standard consensus sentiment index, the current market sentiment is good. The latest index is 1.23. The trend of the index and the trading volume are opposite. The divergence of funds is large and the kinetic energy is weak. round up. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has not changed significantly; the market value of other currencies has not changed significantly. BTC is still in a dominant position in the market. The trend of BTC is stronger than that of other currencies, and the concentration of funds is relatively high, indicating that the market funds are relatively scarce.
Data source: standard consensus, CoinMarketCap
According to the standard consensus halving countdown index, the current block height of BTC is 632,117, and there are 1,558 days before the next halving. BTC has been halved, resulting in a certain attenuation, which has a great impact on the profitability of miners. This week, BTC mining revenue per T computing power income was $0.09, which was at a low level in nearly three months.
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 18.64%, which is 11.05% lower than the average daily turnover rate in the past three months, and 4.42% lower than the average daily turnover rate last week. BTC stopped falling at $8,600 and rose to $9,500 in a short period of time. However, the trading volume showed signs of shrinking. The BTC turnover rate has declined for two consecutive weeks. The wait-and-see mood of funds is strong, and new investment funds are stagnant. BTC has entered a wide range of volatility. When the price of BTC breaks through $9,700, it is expected to test the $10,000 pressure range again.
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.
