BTC broke the 10,000 yuan mark, has the bull market started?
1. Today's market overview
1. Today's market overview
Today's total market capitalization is about 265.9 billion US dollars, an increase of 4.32% compared to yesterday. The 24-hour trading volume is about 200.1 billion US dollars, an increase of about 20% compared to yesterday.
In terms of market sentiment, according to Alternative.me statistics, the degree of market panic today has changed from neutral to greedy, with an index of 55.
2. Distribution of currency rise and fall
Among the top 100 cryptocurrencies by market capitalization today, as the global capital market recovers and the halving expectations cooperate, the digital currency market also skyrockets. The big brother BTC rose by more than 5% within a day, and it is still the leading currency among mainstream currencies. Among the second-tier coins, only Stellar Lumens XLM fell slightly, with a drop of about 1%. There was no negative premium when stablecoins rose sharply, indicating that this wave of sharp rises has seen a significant influx of off-market funds.
3. Trading volume analysis
Today, BTC once again led the market to rise in volume and price, and most of them were OTC funds. The recovery of the global economy is in line with the upcoming halving expectations, and external funds are once again optimistic about BTC, which is about to be halved. Among the top 30 currencies by transaction volume, most of them have injected a large amount of funds, expressing optimism about the digital currency market. But it is also necessary to guard against the chain reaction caused by the dealer's shipment after the halving.
4. Stablecoin analysis
The USDT OTC Index (USDT OTC Index) reported 99.40 points, down 0.09% in 24 hours. The USDT FTP Index reported 100.17 points, up 0.08% in 24 hours.
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.
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 1.65 million; the transaction volume is 21.01 million US dollars; the cumulative active users are 97,300. Overall, the transaction volume and number of transactions have increased, especially the transaction volume increased by 5 million US dollars. Among them, Dapp applications built on Ethereum are still the main output, and the trading volume between Tron and Yuzu is still very impressive. The trading volume of Yuzu has doubled, and TRON has also increased by 4 million US dollars. The performance is very good today. It may be affected by the market. In the morning, BTC ushered in a wave of skyrocketing, and Dapp also became active.
Among the top 10 Dapps in the overall ranking, Yuzu and Tron still performed outstandingly. Today, the transaction volume of lottery Dapp applications has increased by more than 50%, which is even faster than yesterday. However, the EOS Three Kingdoms, whose transaction volume rose by more than 30% yesterday, performed mediocre today. Today Xdapp squeezed RockerGame out of the top ten and made the list itself. The remaining 4 Dapps had negative transaction volume, and 2 of them fell by about 30%.
Daily line
BTC/USDT secondary market trend analysis
Daily line
4 hours
4 hours
BTC has rebounded to a high of 10,000 points. Although the blood sucking is serious, it has completely stimulated the enthusiasm of the market to do more, and the contract market has begun to show a scene of brainlessness. Above the 10,000 point is a large-scale downward trend line. There has not been a complete breakthrough yet. It is not recommended to blindly chase higher in this position, and it is enough to do long with a steady callback. Finally, analyze the current market trend. The big pie is currently in a standard upward trend. The bulls are almost not exhausted, and the energy of the bulls is still abundant. The more you pull up, the smaller the level. At present, around 9450 is a key position. As long as it does not fall below effectively, the bulls may hit the high around 10300
To sum up, it is recommended to do more around 9742 and stop loss at 9398.
ETH: It is recommended to do more around 207.5, with a stop loss price of 199.8.
EOS: It is recommended to do more in the short term around 2.7, with a stop loss price of 2.62.
LTC: It is recommended to do more around 46.4, and the stop loss price is 44.9.
