The center of gravity begins to move down, and the bulls take over the weakness
1. Today's market overview
1. Today's market overview
Today's total market value is about 251 billion US dollars, an increase of 1.3% compared to yesterday. The 24-hour trading volume was approximately US$145.5 billion, a decrease of 3% compared to yesterday.
In terms of market sentiment, according to Alternative.me statistics, the degree of panic in the market today is panic, with an index of 42.
2. Distribution of currency rise and fall
2. Distribution of currency rise and fall
Among the top 100 cryptocurrencies by market capitalization today, there is an overall gain. The mainstream coins have not changed much, but some small projects have a large increase. Among them, the snail coin RDD has the largest increase, with an increase of about 50%, but its turnover rate within the day is extremely low, which is obviously a pull from the project side. The biggest drop was HYN, which fell nearly 40%.
3. Dapp decentralization
The number of transactions within 24 hours from yesterday to today is 1.56 million; the transaction volume is 18.49 million US dollars; the cumulative number of active users is 90,040. From April 20 to today, a total of 47 Dapps have been added. Today, Ethereum still has the most active users; Yuzu has the most transactions, and TRON ranks third overall.
Note: Dapp is Decentralized Application, decentralized application/distributed application. Compared with the APP we are familiar with, Dapp does not rely on the development of iOS and Android systems, but is placed on the blockchain system and combined with smart contracts. Different Dapps will adopt different underlying blockchain development platforms and consensus mechanisms, or issue tokens by themselves, or use common tokens based on the same blockchain platform
4. Stablecoin analysis
Daily line
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
5. Technical Analysis
BTC/USDT secondary market trend analysis
Daily line
4 hours
4 hours
Looking at the closing line today, the long-term strength is not obvious, and the small head is still not eliminated, but the buying below is still strong. Before there is no obvious signal, the operation is still dominated by shocks. The 4-hour high has fluctuated for a long time, and the bargaining chips have loosened slightly. As long as the bulls cannot quickly exert their strength, short-term at least needs to step back for confirmation. The center of gravity began to move down slightly, and the long-term commitment has weakened. If the market remains sideways, the trend will likely be completed downward.
To sum up, it is recommended to do more around 8833 and stop loss at 8575.
ETH: It is recommended to do more around 200.3, and the stop loss price is 194.5.
EOS: It is recommended to do more in the short term around 2.72, with a stop loss price of 2.64.
LTC: It is recommended to do more around 46.1, and the stop loss price is 44.76.
