Market analysis: Can Ethereum continue to rise after breaking through new highs?
Industry news
Industry news
1. Columbia Bank is working with crypto exchanges on crypto trading pilots
2. MicroStrategy CEO: Company executives are increasingly interested in cryptocurrencies
3. 500.com will purchase bitcoin mining machines worth about $8.5 million
4. Data: Grayscale GBTC premium turns negative for the first time
5. The number of active users of the encrypted browser Brave will double in 2020, the number of monthly active users will increase from 11.6 million to 25.4 million, and the number of daily active users will also increase from 3.8 million to 8.6 million
7. Andy Jassy will serve as Amazon CEO, considering integrating cryptocurrency payments
BTC market analysis
BTC market analysis
Recently, there has been less and less news about BTC. The controversy over this thing in the world has become smaller and smaller, and the consensus has become stronger. This is also the core reason for the current market shrinkage and thin transactions.
As the market controversy of BTC becomes smaller, its alpha attribute becomes weaker, so the factors affecting its volatility become more and more macroscopic, and the microscopic fluctuation factors of the market itself have less and less influence on it. We judge the reason why the leading effect of BTC will become relatively weak during this period and in the future.But it is still a leader, but the leader effect (super-alpha attribute) becomes weaker, because the consensus is reached,。
Everyone will focus their attention and focus on finding the next "BTC"
Technically speaking, BTC continues to operate in the center of the daily line. Yesterday we said that the support of the 4H cycle and 60 cycle line is superimposed and shrinking. It is the most stable form, but it does not mean that there is an upward momentum. The current price is about 35,000, and the increase is only about 2,000 US dollars, with a ratio of about 6%.
In the follow-up, we still hold positions and wait and see, because the current position risk is lifted, but the upward momentum is not there, and the position of 37000-38000 is still an important pressure level.There is no risk in holding positions, and the band has no hype value。
ETH market analysis
ETH market analysis
ETH has shrunk to a new high, the market is reluctant to sell, the consensus has become stronger, the main force has good control, and the fundamentals of the first year of blockchain application scenario expansion have made ETH the most likely new leader.
Scenario empowerment and application landing have always been the development direction of the blockchain, but those previous applications have become a dream bubble one by one, and through the crazy year of 2020, technological progress, acceptance of the traditional world, and rich scenarios have all It has given the blockchain, especially Ethereum, greater room for imagination.
Continue to hold positions to be bullish and firm in the future。
LTC/EOS/BCH/XRP market analysis
LTC/EOS/BCH/XRP market analysis
After the XRP wash is completed, can we get up again immediately? We believe not. This will be a long period of sideways trading. After the main force is cut, it may now be a celebration banquet. After all, what a beautiful siege this is. The encirclement and suppression between the power and the main force, the self-help of the main force and the encirclement and suppression of retail investors, this battle clearly explained the story of the food chain.
As those of us at the bottom of the food chain, this story can only be imagined, it can be so exciting.
Stimulated by the stabilization of the market and the strengthening of ETH, BCH and LTC are eager to try, but don't be fooled, the bottom will rise, and capital accumulation is still needed.Market expansion is only a matter of time。
DOT/KSM market analysis
DOT/KSM market analysisDOT continues to shrink and fluctuate, and continues to organize in the central range of the daily line. The short-term risk is lifted, the central center of gravity has not moved, and the upward signal has not been confirmed. Continue to hold positions, still。
Hold a cautiously optimistic attitude to see more. KSM Consistent
