BTC sucks blood seriously, short-term bulls are stronger

特邀专栏作者

2020-05-07 17:35 (UTC+8)

This article is about 1935 words, reading the full article takes about 3 minutes

BTC outshines the market and leads the market, blood-sucking is powerful, the halving is expected and TEDA assists, the support below is still strong.

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BTC outshines the market and leads the market, blood-sucking is powerful, the halving is expected and TEDA assists, the support below is still strong.

1. Today's market overview

Today's total market value is about 254.9 billion US dollars, an increase of 1.56% compared to yesterday. The 24-hour trading volume was approximately US$166.9 billion, an increase of 14.71% compared to yesterday.

At the news level, Zheng Xinjian, Director of the Fourth Procuratorate of the Supreme People's Procuratorate: The spread of various types of financial crimes is fast, and it has begun to spread to some emerging economic fields. Molecule; Ivan on Tech, a well-known bitcoin and blockchain educator and YouTube blogger, tweeted today that the recent "FOMO (fear of missing out)" sentiment in bitcoin retail is as follows: 1. Google trends are growing exponentially; 2. . Square reports record Bitcoin activity; 3. LocalBitcoin activity surges globally. We can get to an ATH (all-time high) before most people realize it; Bitcoin futures open interest (OI) is near all-time highs recently and US retail investors are having a hard time getting into the Bitcoin futures market.

In terms of market sentiment, according to Alternative.me statistics, the degree of market panic has eased today, with an index of 49.

2. Distribution of currency rise and fall

Among the top 100 cryptocurrencies by market capitalization today, the overall still fluctuated slightly and fell. Compared with yesterday, more coins have entered the ranks of slight declines, with 58 coins falling yesterday and 70 coins today. Among them, Hive fell the most, with a drop of more than 10%. It was still the third most searched currency the day before yesterday, but it began to cool down gradually today. The popularity of this wave of news does not rule out the suspicion of speculation. Numeraire and ReddCoin both rose by more than 24% today, but there is no major news in the news, and this rise may only be short-lived and has not stabilized. Therefore, the current market still needs to invest carefully and wait and see. It is getting closer and closer to the reduction of Bitcoin production, and there will be a wave of downward market before that.

3. Trading volume analysis

Judging from today's trading volume, the top 30 currencies are fluctuating slightly as a whole, and the overall trading volume has shrunk slightly, which shows that today's market trading is not active. However, individual currencies are outstanding, such as Monero and Dash, which can be described as two extremes. Monero transaction volume is down by more than 70%, while Dash is growing by almost 90%. The huge decrease in the transaction volume of Monero may be due to the fact that the H2Miner gang has illegally obtained more than 3.7 million yuan in Monero mining by controlling the server, and Dash is currently implementing its own application, which requires a large number of transactions.

4. Stablecoin Analysis

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. Dapp decentralization

The number of transactions within 24 hours from yesterday to today is 1.61 million; the transaction volume is 15.11 million US dollars; the cumulative number of active users is 101,900. For Dapp applications on the Ethereum platform, whether it is daily active users or a combination of transaction times and transaction volume, there has been a decline. However, both Tron and Yuzu have increased overall. The number of transactions of Yuzu has approached 1,000K, while the transaction volume of Tron has reached 20 million US dollars. The performance of Steem and ICON is still mediocre.

Among the top 10 Dapps in the comprehensive ranking, Yuzu and Tron have a tendency to overtake Ethereum. Great changes have taken place between today and yesterday. The gambling Dapp app Dice jumped from No. 3 to the top of the list, HEX fell out of the top 10, and the lottery DappRocketGame squeezed into the top ten. Games and lottery games performed outstandingly today, especially Dice and EOS Three Kingdoms RocketGame, whose transaction volume has increased significantly.

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 hours

BTC/USDT secondary market trend analysis

Daily line

4 hours

BTC outshines the market and leads the market, blood-sucking is powerful, the halving is expected and TEDA assists, the support below is still strong. This position is a key conversion position. As long as the bears cannot exert their strength, the trend will continue to rise. If the strength around 9400 cannot be achieved, short-term empty orders can be made. In the short term, bulls are still strong, and the signal of shorts is not very obvious. If it is stable, don't chase high, and the callback will be mainly long.

To sum up, it is recommended to do more around 9212 and stop loss at 8943.

ETH: It is recommended to do more around 200.2, and the stop loss price is 194.3.

EOS: It is recommended to do more in the short term around 2.65, with a stop loss price of 2.57.

LTC: It is recommended to do more around 45.2, with a stop loss price of 43.9.

BCH: It is recommended to do more at 242.5, and the stop loss price is 235.4.

BTC

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