Industry information

The research shows that the monthly trading volumes of Bitcoin spot and futures both fell sharply in June, with month-on-month declines of 31.98% and 40.39%, respectively. Specifically, bitcoin futures traded $332 billion in June, down more than 40 percent from $557 billion in May. On the other hand, the trading volume on decentralized exchanges (DEX) has the opposite trend to that of centralized exchanges. Earlier news, data from the encrypted data website DuneAnalytics showed that the total transaction volume of the decentralized exchange (DEX) platform in the first half of this year reached 5.1 billion US dollars, five times that of the same period in 2019. In June of this year alone, the monthly transaction volume of DEX exceeded 1.5 billion US dollars, and the proportion of the transaction volume of Uniswap and Curve trading platforms showed explosive growth.

Market review

Last night, the market had the intention of rushing upwards, but it was a pity that it rushed to 9290 and began to retreat. From the perspective of the daily line level, the upper moving average is under heavy pressure, and yesterday's volume performance was average, and there was no full upward momentum, so it is understandable that it is difficult to break through for a while, and the retracement is not deep. After hitting the pressure level of the 60-day moving average last night, it retreated to the 5-day moving average. There is still a certain selling pressure around 9300-9400. Today, we will continue to hit the upper pressure level. After all, yesterday was a high and a drop, and the range is not large, and there is still residual stamina. The specifics depend on the real-time performance. The overall price is still below $9,300. The biggest problem at present is that when the market has an upward trend, the power of copying orders in the market is insufficient, and the real breakthrough market still needs to be led by the dealer.

market analysis

Looking at the 4-hour chart, the bulls of the MACD golden cross continue to increase volume, the KDJ mouth diverges, and the J value is running in the overbought zone. At present, the K-line price is still oscillating close to the upper track of Bollinger, and the demand for a breakthrough is very obvious. The intraday trend is still bullish. The price soared to 9290 and stepped back, and now it is again near 9240. Technically, the MACD fast and slow lines show signs of bonding, the red kinetic energy continues to shrink, and the J value of KDJ diverging downward is also running in the oversold area. It seems to be bearish, but the price did not go down slowly, but kept moving up, indicating that the bulls are still very strong. In July (VX: lht159258357), it is recommended to step back and do more.

Operation suggestion:

Operation suggestion:

Enter long orders near 9150-9200, stop loss at 8900, target at 9300-9400

The strategy is for reference only, and the market is changing rapidly, so do a good job of risk control when entering the market.

The strategy is for reference only, and the market is changing rapidly, so do a good job of risk control when entering the market.

Review and analysis of ETH market

Last night, the rise of ether was stronger than that of the big pie, but also compared with the big pie, the pullback of ether was smaller, and it needs to be synchronized in the later stage. Today, ether is bound to have a small pullback today. The key support below mainly depends on 228. From the perspective of the four-hour line, it touched around 232 in the evening and fell back slightly. After entering the overbought zone, the RSI indicator began to rebound and adjust. KDJ is about to enter the overbought zone and there are signs of turning downwards. There will be a wave of rebound in the short term Step on and reach the same pace as the big pie, but the main direction of the follow-up market still needs to be bullish. Today in July, it is recommended to grasp short-term profits first.