A-shares are doing well, will the digital currency follow suit?

Review of last 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. ETH fell as low as $215.

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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. BCH fell as low as $203.

According to the standard consensus BTC mining income index, the income per T computing power is $0.08 in the last 24 hours, which is at a low level in the past three months, which will affect the willingness of miners to mine to a certain extent.

market trend

Trend review and analysis of BTC and ETH

market trend

According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days is 15.78%, which is 38.08% lower than the average daily turnover rate in the past three months, and 1.69% lower than the average daily turnover rate last week. The launch of the ETH mainnet is imminent, and the launch of ETH Staking is an event that the digital currency market is currently focusing on. However, in the short term, the peripheral traditional financial market sucks more blood into the digital currency market, and lacks new funds to enter, unable to push the price to continue to rise. When the external market pulls back, there may be a transfer of funds to the digital currency market. As a hot product in the future, ETH will become more attractive to funds. ETH will still drop to $210 here to test the strength of the market support, and it will still be short-term in the short term.

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.