BTC did not fall below the previous low after a wave of dips last night, and the overall rebounded slightly. Judging from the heavy volume of the previous wave of decline, the volume and price have diverged, and it is normal to have a rebound. At present

After BTC fell below the support level of 9000, it fluctuated irregularly, and then rebounded sharply. The reason is that yesterday’s drop was too large, which was not proportional to the increase in trading volume. It is normal to rebound recently, bu

Last night, Gouzhuang took advantage of the sharp rise in crude oil to pull the market, and then fell back after a sharp rush. The support below around 6700 is strong, and the short-term is still mainly oscillating back and forth. The 4-hour structure ha

There are obvious signs of short-term trading, and there are continuous pull-ups around 5800. This wave is very strong in the morning, and it is to prepare for the high. The center of gravity of the 2-hour structure was directly repaired, and there was a

Looking at the closing line today, the bulls have slackened their efforts to counterattack, the center of gravity has begun to move down, and the room for adjustment is still limited. The decline near 6900 has not yet ended. If the bulls cannot attack st

The vicinity of 5700-5800 is the supply area of ​​strong buying in the early stage. In the morning, the bulls started to intervene around 5800. Judging from the closing line of the daily line, there is still room for short-term decline. At present, i

After dropping to around 8500 yesterday, it was pulled up by funds, and the bulls will continue to attack upwards, but judging from the closing line of the daily line, the upper pressure is still relatively large. The 2-hour trend continues to run in the

Recently, Bitfinex and its sister Tether have been sued by class action in the currency circle.

The sixth Devcon annual conference was held in Japan today. Devcon is a developer conference held by the Ethereum Foundation, once a year. The first time was Devcon 0, so this year is Devcon5. This conference can be described as a gathering of big names.

The entire box began to slope downwards, and the short forces continued to exert force to suppress the bulls. The current position is also very close to the lower rail, and it will break through the previous low of 7700 if it goes out at any time.

Judging from the time window, the inventory is approaching, and the overall trend is still dominated by bears. Several attacks by multiple parties have failed, and incremental funds are still on the sidelines.

After a slight rebound in BTC, it has remained in a weak box, and there is no signal for incremental funds to enter the market, indicating that the current level is not well recognized. Now analyze directly from the 30-minute level trend, the overall reb

Driven by second-tier currencies such as EOS and ETH, BTC rebounded during the holidays, reaching a peak of around 8,500. The rebound was not bad but the volume failed to keep up, indicating that buying confidence is still insufficient.

The volatility of most currencies is not large, and the wait-and-see sentiment in the market continues to increase. BTC rose slightly today, while other currencies dropped slightly on average, and the market remained flat overall.

Today, Ethan Beard, head of Ripple's Xpring, announced the acquisition of Logos Network, a decentralized payment platform. That is to say, Ripple is preparing to develop business based on XRP-based decentralized financial products (DeFi products).

The decline in Bitcoin these days has created a tense atmosphere throughout the cryptocurrency market. The panic of the leeks is even more lingering.