Market analysis: Bitcoin consensus is getting stronger and stronger, from hype to value return

BTC market analysis

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BTC market analysisBTC has shrunk and entered the early pressure center of 11,000. The shrinking volume has increased, so the market volatility is small. At the same time, it also shows that the BTC market consensus is strong, and most participants have a long-term currency holding mentality, focusing on value investment. Therefore, the selling pressure in the market is also relatively small.

From these signs all showThe market position of BTC has gradually been recognized as the gold attribute and even the role of the US dollar as an intermediate anchor currency.Of course, we have already talked about it in the previous article,

In the short term, it will fluctuate in the large range of 12000-11000-10600, and the long-term value will still maintain the dead long thinking we have always insisted on.

ETH market analysis

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ETH market analysis

ETH also shrank into the 380 range like BTC, and the market fluctuated.

The biggest variable in the cryptocurrency market in the short term is the same as that in the capital market, that is, the US election.

Unified analysis of XRP/LTC/BCH/EOS

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Consistent with the previous judgment, it is possible to have funds to hype these small mainstream targets that have now been relegated to the sidelines after the big mainstream rises.

Strategy:wait and see。

DOT/KSM market analysis

secondary titleDOT/KSM market analysis

The theme of Polkadot is far away, but it gives the testnet more opportunities to try the ecology, making KSM the first hype indicator of Polkadot.

In the end, it may not be known who will be the mainnet. This is a variable in market development.At present, KSM has been highly controlled, which is the scariest part. Therefore, it is very likely that the DOT market will only be available after a cycle of KSM hype.

DOT has broken through the bottom of our expected 4H cycle 5U, and now it is back testing the rising center support of 4.8.