Bearish sentiment intensifies, 9000 remains firm
1. Today's market overview
The total market value of today's market is 258.5 billion US dollars, a decrease of 3.5% compared with yesterday. Trading volume was $81 billion, down 35% from yesterday.
In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 37.
2. Distribution of currency rise and fall
Among the top 100 currencies by market value today, except for stablecoins, almost all currencies followed BTC and all experienced a small dive. The mainstream currency BSV has experienced a large decline, with a drop of more than 6%. FXC and CHSB bucked the trend and rose nearly 20%.
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.
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. Technical Analysis
Weekly
Daily line
In the afternoon, after a wave of needles pierced through 9000, it was pulled again. Technically, it was considered a false breakthrough, and the support level of 9000 was relatively strong. The daily Bollinger Bands are still running smoothly, and the lower track support is just at the 9000 mark. It will still be a bit difficult to break below 9000 for a while. There are obvious signs of peaking and falling back on the weekly line, and the bears clearly dominate the market.
To sum up, it is recommended that the rebound is not strong and shorting is mainly around 9235, with a stop loss of 9512.
ETH: For short-term operation, it is recommended to short around 228.2, with a stop loss price of 235.1.
EOS: Operational suggestion 2.51 near-short-term short-term mainly, stop loss price 2.58.
LTC: short-term short-term operation is recommended near 43.5, with a stop loss price of 44.8.
