ETH miners make the most money, USDT market share shrinks

In terms of the discussion volume of cryptocurrencies on foreign Twitter, UNI, LINK, and SUSHI are the top three. I think investors will have three completely different voices when discussing these three tokens. UNI: Who dares to smash, smash I take as much as I want! LINK: It's finally up! SUSHI: Is the fall over? These three emotions just represent the market's attitude towards this sector after the DeFi heat has cooled. However, I would like to say that this is the first round of explosions in the DeFi and oracle sectors. The prospects for these two sectors are still very bright in the future. If you own the assets of these two sectors, please rest assured. The only thing to worry about is the network congestion of ETH, which is one of the key factors restricting the development of these two sectors, because whoever pays the highest transaction fee on ETH, the miners will give priority to whose transaction, and the last time UNI The airdrop directly caused 18.5% Ethereum handling fee. Perhaps the most profitable ones during that time were ETH miners. This also caused other smart contracts deployed on Ethereum to be paralyzed, so I hope that the future ETH2.0 version can be quickly solve this problem.

USDT’s stablecoin market share has fallen below 80% for the first time since its release. I think this must be due to recent reports from institutions that USDT reserves are insufficient. Webster Ratings also suggested that investors try not to use USDT, but to use the preferred The stable currency USDC, because USDC has been audited by multiple accounting firms, which proves that the reserves are very sufficient. However, the habits and helplessness of investors will definitely allow USDT to continue to occupy the leading position in stablecoins. Most investors will not care whether the stablecoins they use are safe or not, because they generally think that they will be unlucky when the probability problem breaks out. It won't be me.

crypto market

BTC (in the middle of the daily rise, focus on the key position of $11,100): The four-hour trend continues to fluctuate upwards, and the bulls will definitely hit the key position of $11,100. If the bulls succeed in standing at $11,100, the double bottom pattern is completely completed, and the market outlook is expected to rise to $11,450 and $12,000, so let's continue to focus on the performance of $11,100. The dominant support levels for the bulls are $10,628 and $10,500, and the bulls will remain strong if they do not fall below these two positions.

ETH: The trend is still rising. The bulls target is the daily trend line of $363 and $377. Pay attention to these two pressure levels. In the middle line, only a breakthrough of $394 will completely end the shock and start a new upward trend. Short-term support level: 332, pressure level: 363.

DOT: The uptrend is good, and it has been allowed to enter the band around $4 before. The long target is $4.73 and $4.93, and it continues to hold bullish. Short-term support level: 4.30, pressure level: 4.73.

LINK: The uptrend is in the middle and late stages. The bulls are currently trying to stabilize the daily trend line at $10.8. After success, the next targets are $12.2 and $13.2. It is recommended to reduce positions and wait and see when they are close to these two positions. Short-term support level: 9.77, pressure level: 12.2.

BCH: It has not yet started, but the bulls are slightly better than the bears, and the trend continues to fluctuate in the 200-220 range. If it can get out of this range and break through the daily trend line of $228, it will rise to $245 and $260, so continue to wait and see , as long as it does not fall below $200. Short-term support level: 200, pressure level: 220.

BSV: Not started, fluctuating in a narrow range of 150-160. Only when it breaks through 160 US dollars can there be an upward trend. It has been negative for 8 consecutive weeks. For long-term investors, you can try to build a position. After breaking through 160 US dollars, it will rise to 180 US dollars . Short-term support level: 150, pressure level: 160.

EOS: There is no rising signal yet, and it is fluctuating in the range of 2.45-2.59. If it can return to above $2.66, it will be the first sign of rising. Continue to wait and see. Short-term support level: 2.45, pressure level: 2.66.

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UNI: At $5.50, it has been reminded to reduce positions. It is currently shrinking and consolidating, and the trend is still healthy. The bottom support is $4.74. If it does not completely fall below this position, the bulls will remain strong.

Disclaimer: This article does not represent the position of the chain node, and does not constitute investment advice, please treat it with caution.

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