Market volatility is obvious, and investors are becoming more cautious in trading

特邀专栏作者

2020-06-26 15:40 (UTC+8)

This article is about 1651 words, reading the full article takes about 3 minutes

The standard consensus market composite index was 1,096.69 points, and the index rose by 0.02% within a week. The index trend is relatively strong compared with the overall market trend.

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The standard consensus market composite index was 1,096.69 points, and the index rose by 0.02% within a week. The index trend is relatively strong compared with the overall market trend.

Review of last issue

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BCH: The upper pressure range of BCH is concentrated at $235~$240, and it can be shorted on rallies. The highest rose to $244, then fell rapidly, and the lowest dropped to $226.

Highlights of this issue

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ETH: Pay attention to whether ETH breaks through $250 here, you can short rallies below $250, breaking through $250 will open up room for growth.

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BCH: The support range of BCH is at the $225 line, and if it breaks the support range, it will further bottom out.

current report

As of the release of the report (June 26, 2020), the total market value of global digital currency assets this Friday was US$261.407 billion, a year-on-year decrease of US$1.834 billion, or 0.70%. The 24-hour market turnover was US$72.902 billion, a year-on-year increase of US$7.958 billion or 12.25%. This week, the market capitalization has not changed significantly year-on-year, and the 24-hour turnover has increased to a certain extent. In the short term, the market will quickly pull back when it reaches a high level. After a certain level of pullback, it will enter a flat period. Investors are relatively cautious in the trading process.

Data source: standard consensus, CoinMarketCap

The standard consensus market composite index was 1,096.69 points, and the index rose by 0.02% within a week. The index trend is relatively strong compared with the overall market trend. According to the standard consensus sentiment index, the current market sentiment is stable, the latest index is 0.93, the market volatility is relatively obvious, and investors' trading mentality is relatively cautious. At the same time, according to the ratio of Bitcoin to the total market value, the market value of Bitcoin has decreased by 1%; 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 slightly weaker than other mainstream 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 636,363, and there are 1,357 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, the BTC mining income per T computing power income is $0.08, which is down again from last week. It is at a low level in nearly 3 months, but there is a certain recovery .

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 10.55%, which is 12.54% lower than the average daily turnover rate in the past three months, and 1.38% lower than the average daily turnover rate last week. The volatility of BTC is relatively obvious, the highest rose to $9,800, and then fell rapidly to $9,000, accompanied by an increase in trading volume. The decline of BTC was affected to a certain extent by the decline of US stocks, and the linkage between BTC and gold declined in the short term. At present, investors are selling on rallies, and the overall trading mentality is more cautious. BTC is supported at $9,000 and remains volatile, but the overall support is weak, and the short side will test the support of $9,000.