Market Analysis: Although Bitcoin hits a new high, there is one point that needs special attention
Industry news
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Industry news
1. The big spin-off of Bitmain started, Ketuan Zhan returned and Jihan Wu withdrew
2. Global investment firm Jefferies is selling gold to buy Bitcoin
3. Nigeria’s peer-to-peer Bitcoin transaction volume continues to rise, second only to the United States
4. Vietnam’s prime minister lists cryptocurrencies and blockchain as one of the country’s five priority technologies5. Lawyer: The United States is applying financial monitoring of the traditional banking system to cryptocurrenciesThe total market value of global cryptocurrencies has exceeded 670 billion U.S. dollars
BTC market analysis
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BTC market analysisBTC broke through the high of 24,000 in heavy volume last night, and the volume shrank and fell back. Market volume can hardly become an accurate judgment factor in the current situation. From the perspective of the mathematical structure driven by volume and price, a large number of chips are now bought out in the hands of investors with little circulation, which means that there are very few selling chips in the market. At this stage, if the selling chips do not increase, it will be difficult for the price to really fall back.
Therefore, in the current stage, the real stage of trend transformation is when the volume is heavy
Therefore, there is still a balanced market behind BTC, and 22400 is still the bottom of the central support of the 1H cycle.
ETH market analysis
Take the 4H cycle of the central balance market; 630 central bottom defense, heavy volume without breakdown, no risk, is also a high probability event.
XRP/LTC/EOS/BCH market analysis
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Xiaobi took the lead in adjusting to 0, and waited for the confirmation of the leader to determine the strength of the market outlook.
DOT/KSM market analysis
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DOT/KSM market analysis
DOT returned to the oscillating trend of the 4H cycle center and continued to hover in the bottom oscillating range of 5.00-5.20.KSM has returned to the bottom shock range of 55; the strength and weakness decomposition line is not broken, and the balanced market is not broken.
