Where will BTC go after the halving?
1. Today's market overview
1. Today's market overview
Today's total market value is about 244 billion US dollars, an increase of 1.8% compared to yesterday. The 24-hour trading volume was approximately US$185.3 billion, an increase of approximately 23% compared to yesterday.
In terms of market sentiment, according to Alternative.me statistics, the degree of market panic today is at the same panic level as yesterday, with an index of 41.
2. Distribution of currency rise and fall
Among the top 100 cryptocurrencies by market capitalization today, the market as a whole continued to fluctuate. Except for BSV, which fell slightly, the mainstream currencies all rose slightly. The largest increase was the platform currency KCS of a small platform, which rose by about 30%. In terms of sectors, since the halving, the super computing power sector has quietly exploded, but the suspicion of speculation is relatively high.
3. Stablecoin Analysis
BTC/USDT secondary market trend 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.
4. Technical Analysis
BTC/USDT secondary market trend analysis
Daily line
Daily line
1 hour
The line was closed yesterday, the daily line was supported on the lower track of the ascending channel, and the small Yang line was closed. However, the daily MACD has already crossed downwards, and the fundamentals after the halving are weak. The probability of BTC's long-term callback is much greater. In an hour, BTC is in a volatile market, and the direction is not clear. You can continue to sell high and buy low within the range.
To sum up, the operation recommends shorting around 8990 and stop loss at 9261.
ETH: The operation is recommended to be short near 192.7, and the stop loss price is 198.5.
EOS: It is recommended to do short-term short-term trading near 2.48, with a stop loss price of 2.55.
LTC: The operation is recommended to be short near 42.8, and the stop loss price is 44.1.
