US stocks flash crash, can Bitcoin survive?

特邀专栏作者

2020-06-12 18:38 (UTC+8)

This article is about 1741 words, reading the full article takes about 3 minutes

Insufficient trading volume of BTC has become the biggest resistance to the rise, and the short-term pressure is prominent. It is expected to rise again after falling and accumulating strength. The support level is at $8,500.

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Review of last issue

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BCH: BCH can go long at $245, and the stop loss point is set at $230. BCH rose from $245 to $260, an increase of more than 6%.

Highlights of this issue

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current report

Data source: standard consensus, CoinMarketCap

Trend review and analysis of BTC, ETH, BCH

According to the standard consensus halving countdown index, the current block height of BTC is 634,323, and there are 1,515 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

According to CoinMarketCap data, the average daily turnover rate of BCH in the past 7 days is 44.95%, which is 38.30% lower than the average daily turnover rate in the past three months, and 27.51% higher than the average daily turnover rate last week. This week, the trading volume of BCH has dropped significantly, and the overall upward momentum is not strong. During the decline, the decline rate is higher than that of other mainstream currencies. Only during the decline, the transaction volume has increased, and investors have a strong willingness to sell. BCH failed to hold the first-line support of $245 to $250, and the short-term downside to $220.

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.

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