Injection of 10,000 yuan is a false breakthrough, BTC missed the bull market?

特邀专栏作者

2020-06-03 17:17 (UTC+8)

This article is about 969 words, reading the full article takes about 2 minutes

From a technical point of view, last night's plunge was only a pin-point pressure level, and there was no effective breakthrough, but it still belongs to the bull market in the short term.

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From a technical point of view, last night's plunge was only a pin-point pressure level, and there was no effective breakthrough, but it still belongs to the bull market in the short term.

1. Today's market overview

The total market value of the market today is 270 billion US dollars, which is 5% lower than yesterday. Trading volume was $124 billion, down 6% from yesterday.

At the news level, companies such as Microsoft, IBM and Nasdaq will formulate global tokenization standards; several Japanese banking giants will set up digital currency groups; Iranian lawmakers call on the central bank to take Bitcoin seriously; recognized as a money services business.

In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is normal, with a panic and greed index of 48.

2. Distribution of currency rise and fall

Among the top 100 currencies by market capitalization today, 90% of them fell last night following the fall of BTC. BTC fell by 6%, more than other mainstream currencies. Some small currencies experienced panic drops, such as MAID and NEXO, which fell by more than 10% and 20% respectively. The biggest increase was the BTC altcoin DCR, which rose sharply against the trend, with an increase of about 10%. XEM also had a big increase on the good news, an increase of about 6%.

3. 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.

4. Technical Analysis

4 hours

Weekly

4 hours

Last night, BTC instantly fell back below the 10,000 mark, and was again suppressed by the 10,000 mark. It reached the 10,000 mark the day before yesterday, which was believed by investors to be caused by the riots in the United States, which Trump mobilized the army to suppress. Therefore, BTC stood on the psychological barrier of 10,000, but from a technical point of view, the plunge last night was only a pin-point pressure level, and there was no effective breakthrough. It is still a bull market in the short term, but the shock range has moved down to 9300-9700 as a whole.