There is a lot of pressure on the top, and the bulls are still holding on

特邀专栏作者

2020-05-21 17:07 (UTC+8)

This article is about 1057 words, reading the full article takes about 2 minutes

Last night, a wave of waterfall ended the convergent triangle that took a week to form, but this wave of waterfall did not go out of the high shock range, still hovering above 9000.

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Last night, a wave of waterfall ended the convergent triangle that took a week to form, but this wave of waterfall did not go out of the high shock range, still hovering above 9000.

1. Today's market overview

The total market value of today's market is 262 billion US dollars, a decrease of 2% compared to yesterday. Trading volume was $117 billion, down 6% from yesterday.

At the news level, representatives of the U.S. Congress proposed "advancing the blockchain law"; the French central bank has completed the first test of the digital euro; this year's two sessions will integrate blockchain and other technologies into the discourse of the conference; companies such as Amazon and IBM have written reports urging the U.S. Department of Defense Accept the blockchain; Sichuan Province issued a power dispatch notice that some mines may be affected.

In terms of market sentiment, according to the statistics of Alternative.me, today's market sentiment is normal, with a panic and greed index of 49.

2. Distribution of currency rise and fall

Among the top 100 coins by market value today, STEEM has been pulling abnormally for 2 consecutive days, and finally harvested and shipped today, with a single-day drop of more than 20%. ETN continued to fall, recording another 20% drop. The biggest increase today is THETA, with an increase of nearly 40%. The reason is that THETA2.0, which is about to be released, will be released on the 27th, so it is normal to pull the market in advance, but the risk of chasing up the currency is still too high.

3. Trading volume analysis

What is very interesting today is that although there was a small waterfall yesterday, the trading volume of various currencies, especially mainstream currencies, still declined. On the whole, this decline is mainly due to the change of hands of the market makers. The market is still in a long market, and we need to be cautious when shorting.

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. Technical Analysis

BTC/USD T secondary market trend analysis

Last night, a wave of waterfall ended the convergent triangle that took a week to form, but this wave of waterfall did not go out of the high shock range, still hovering above 9000. It shows that there are still many dead bulls at present, such as mining circles, etc., who have a strong desire to survive at this stage, and will spare no effort to raise the currency price. However, judging from the current shock range alone, the high point has not reached a new high every time, and the whole has begun to slope downward. The pressure on the top is too great, and the bulls are in jeopardy.

To sum up, it is recommended that the rebound is not strong and shorting is mainly around 9587, with a stop loss of 9875.

ETH: For short-term operation, it is recommended to short around 216.5, with a stop loss price of 223.

EOS: It is recommended to do short-term short-term trading around 2.66, with a stop loss price of 2.74.

LTC: The operation is recommended to be short-term around 46.4, and the stop loss price is 47.8.

BCH: The operation is recommended to be short-term around 248, and the stop loss price is 255.7.

BTC

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