Market Analysis: The market is calm, the calm before the storm or the silence before dawn?

区块链骑士

特邀专栏作者

2020-07-18 14:58 (UTC+8)

This article is about 692 words, reading the full article takes about 1 minutes

Waiting for the mainstream market of ETH to break out.

AI Summary

Expand

Waiting for the mainstream market of ETH to break out.

market news

secondary title

market news

1. In order to promote the development of digital payment, the Japanese government lowered the inter-bank transfer fee rate.

2. Ethereum 2.0 developers: Most of the work before launching the 2.0 full testnet is completed. The launch date is expected to be announced next Monday or Tuesday.

3. Report: Bitcoin computing power is being "decentralized" and China's share has dropped to 50%; BTC computing power has fallen below 120EH/s or is related to domestic floods.

4. Roger Wattenhofer: CBDC will eventually replace cash and payment apps.

5. Report: Bitcoin continues to trade sideways, resulting in a continuous decline in transaction volume.

The fundamentals of ETH are becoming more and more positive, but the funds in the market are still in a wait-and-see state, and the market will only change the situation driven by news and trends.

BTC market analysis

The daily line is still within the trend line we drew yesterday, and there is no definite signal for the shrinkage adjustment, and there is no signal that the adjustment cycle of the daily line is over. The trading volume of the BTC market has declined, and this wave of heat in the market still needs to wait for the drive of ETH.

ETH market analysis

Judging from the 4H cycle of ETH, the bottom still needs a cycle of grinding to complete. Sufficient energy is needed to restart the market, such as slowing down and slowing up, and a sharp fall is a V turn, which is caused by the style and sentiment of the market.