Analysis of BTC ETH BCH UMA market on February 6
【Article Summary】
【Article Summary】
【Market review】
【Market review】
【Market】
【Market】
The news of C.base (abbreviation) going public began to circulate in July last year, and then C.base submitted an IPO application in December 2020. Last week, C.base announced that it would become a listed company through direct listing (DPO), and then Hdu announced the new registration of UNI trust fund products. The market value of UNI is currently close to 6 billion US dollars, ranking 13-14 in market value, and it is only one step away from becoming the top ten mainstream currency in market value.
【Market trend and analysis】
【Market trend and analysis】
BTC: Continue to look at yesterday’s upward channel. As long as it does not fall below 36,000 US dollars, there is still room for upward movement, and the spot can continue to be held. The year is approaching, and it must be no problem to see above the 40,000 US dollar mark. For the contract, it is still mainly low and long at present, with 38,750 US dollars as the support point to operate in light positions.
ETH: The trend of ether is at the marginal position of the ascending channel. The current callback trend is normal, so there is no need to worry. Let's first see if the repaired price can break through the price track, and the spot can continue to be held. In terms of contracts, it is recommended to wait and see. If you want to enter the market, use 1650 US dollars as the first support, 1600 US dollars as the second support, and open long positions in stages.
BCH: After a period of shock recovery, there has been a rise of more than 9% today, which is relatively good. In this way, if it breaks through the upper position of 520 US dollars and stabilizes, it may be in the upper triangle area in the next year. Operation, so those who have spot in hand can continue to hold it. The same is true for the contract, open long positions at the support level of $465.
UMA: UMA belongs to a derivative currency in DEX. I have observed this currency for a long time, and it has been volatile before. The price has doubled, and now it is starting to pull back. Looking at the 4-hour chart, the possibility of continuing to pull back is relatively high. Let’s first look at the support of Fibonacci 0.50 below, and we can ambush 1-20% of the position nearby. If the position below is broken, we will continue to increase the position at 0.382. In this round of bull market, we are not afraid of its correction and recovery, but of its high volatility.
