Short-term bulls are strong, but volume and price diverge

特邀专栏作者

2020-05-14 17:14 (UTC+8)

This article is about 1058 words, reading the full article takes about 2 minutes

But since the waterfall on May 10, the trading volume has continued to decline, and even if the price continued to rise last night, the trading volume continued to decline.

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But since the waterfall on May 10, the trading volume has continued to decline, and even if the price continued to rise last night, the trading volume continued to decline.

1. Today's market overview

The total market capitalization of the market today is approximately US$244 billion, an increase of 5% compared to yesterday. The 24-hour trading volume was approximately US$185.3 billion, an increase of approximately 11% 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 40.

2. Distribution of currency rise and fall

Among the top 100 cryptocurrencies by market capitalization today, the market as a whole continued to rise, and the big brother BTC drove the market to be active one day after the halving. Only a few currencies fell and the decline was not large. During the surge, the USDT trading on the market still has a positive premium, while the OTC trading has a negative premium. Normally speaking, the rise of BTC will cause USDT to be sold, and the premium on the market will drop; while the negative premium in OTC transactions indicates that funds are slowly fleeing the digital currency market. This wave of rise is difficult to convince people to chase.

3. Trading volume analysis

Although the market price continues to rise recently, the trading volume has obviously stagnated, and even the trading volume of many second-tier coins has rebounded. The phenomenon of serious volume-price deviation is a major bottleneck for the price to continue to rise. The market continues to rise and needs the support of trading volume .

The USDT OTC Index (USDT OTC Index) reported 99.19 points, down 0.25% in 24 hours. The USDT FTP Index reported 100.11 points, up 0.04% 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.

4. Technical Analysis

BTC/USDT secondary market trend analysis

4 hours

Last night, the bulls tried to take BTC out of the shock range, and the market's long-term sentiment was improved. But since the waterfall on May 10, the trading volume has continued to decline, and even if the price continued to rise last night, the trading volume continued to decline. It is not recommended to follow the trend when there is a deviation between volume and price. The best way is to wait for an obvious callback signal to sell high and buy low.

To sum up, the operation recommends shorting around 9765, with a stop loss of 10058.

ETH: It is recommended to short around 209.4, with a stop loss price of 215.7.

EOS: It is recommended to do short-term short-term trading around 2.65, with a stop loss price of 2.72.

LTC: The operation is recommended to be short near 44.9, with a stop loss price of 46.25.

BTC

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