The fundamentals of Ethereum are good, and it is worth continuing to pay attention

区块链骑士

特邀专栏作者

2021-04-26 13:07 (UTC+8)

This article is about 1403 words, reading the full article takes about 3 minutes

BTC continues to bottom out, and the reduction of ETH gas fees will benefit the entire blockchain application market.

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BTC continues to bottom out, and the reduction of ETH gas fees will benefit the entire blockchain application market.

BTC market analysis

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BTC market analysis

BTC keeps hitting new lows, and the bottoming market is obvious. Obviously, the epee of tax hikes has had a great impact on the BTC market dominated by the United States, which has the largest number of cryptocurrency addresses in the world. As for the possibility of tax increase, we also analyzed it yesterday, and the probability is still relatively high, but we believe that the probability of increasing the historical tax rate as high as 43.4% is relatively small.

Let's compare the trading volume of encrypted assets and the trend of BTC in the past two months. If the monthly trading volume cannot be maintained at around trillions, and there is no continuous capital inflow to promote the progress of the entire market, then the cryptocurrency will face a period of downturn.

Because there is no equivalent amount of funds entering the market to promote the rise of the market, it is difficult for existing funds to launch a new high market. Judging from the current policy situation, most of the off-market funds are on the sidelines, and there are signs that some of the existing funds have been set aside. Then there is a high probability that the amount of capital inflows next month will not be able to flow into such a large amount, so we start from this point. It can be judged that BTC and cryptocurrencies may have reached a relatively volatile stage.

After we analyze this possibility, let's talk about the impact of the recent tax increase policy on the cryptocurrency landscape. The possibility of tax increase was analyzed yesterday, and the impact of tax increase is analyzed today. We are all centralized methods that require everyone to do KYC certification. Although it is a cryptocurrency, it is actually completed under centralized control and supervision.

The pessimistic market sentiment conveyed by BTC continues. As shown in the figure below, after three declines, and each time the volume is smaller than the previous decline, we judge that the short power of BTC is exhausting, and the bottom of the decline may be basically determined. It’s just that a rebound still needs good news from the market, and now is obviously not a definite time to increase positions. We mainly wait and see. If the good news is sure, we can make a quick buck.

ETH market analysis

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From a technical point of view, the central trend is stable, with sufficient turnover, and the market outlook is firm.

LTC/XRP/EOS/BCH/ADA/DOGE market analysis

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LTC/XRP/EOS/BCH/ADA/DOGE market analysis

So the top of DOGE is coming? I don't think it's possible, and there is still more space. As for whether it can reach the 5 dollars that a certain treasure said, I don't know. But at least it can be fantasized, because the reputation is based on bragging, but if you think that others are just bragging, you are very wrong.