Analysis of BTC ETH FLOW MATIC market on March 2
【Article Summary】
【Article Summary】
【Market review】
【Market review】
【Market】
【Market】
According to news on March 2, a blockchain department released a report stating that in the fourth quarter of 2020, the number of encrypted assets managed by a certain exchange surged. As of the end of 2020, their custody service currently hosts 11% of the crypto assets in the market. The exchange’s asset value soared to about $90 billion in the fourth quarter of 2020, and total crypto capitalization has more than doubled to $780 billion in 2021. They offer custody for over 90 crypto assets, about half of which are tradable on their exchange. Despite the wide variety of assets supported by the custody service, Bitcoin and Ethereum account for 83% of the market capitalization of cryptocurrencies held by the entire company. From 2019 to 2020, Bitcoin has consistently accounted for 70% of assets under custody, while Ethereum has increased from 9% to 13% over the same period. "
There are two important points about this message:
First, its trading volume is not as large as that of An'an. According to its data, the trading volume of this exchange in the last 24 hours is 3.19 billion US dollars, and that of An'an has exceeded 24 billion US dollars. It was once surpassed by Babbitt. It is not the core index of this exchange, but compliance and stability. Now that we see the scale of custody assets, we can understand its unique market position;
second. There is a dedicated website for them, which is a well-known and important blockchain market information website, which has a detailed summary of many assets. It is a website frequently visited by most relatively professional investors, and the influence of its reports is also increasing.
BTC: Continue yesterday’s analysis and plan. The price of the currency will stabilize above 47,400 US dollars, and it will fluctuate in the upper area for a period of time before observing the follow-up trend. In terms of contracts, when the currency price pulls back to around 47,500 to 48,000 US dollars, you can intervene in multiple orders in batches, and the target can see 600+ profits.
ETH: Continue yesterday’s analysis and plan. After the currency price stabilizes above 1,500 US dollars, it will fluctuate in the upper area of 1,500 to 1,750 US dollars for a period of time before observing the follow-up trend. In terms of contracts, when the currency price pulls back to around 1,500 US dollars, you can intervene in long orders, and the target can be a profit of 60-80 US dollars.
FLOW: As mentioned in the article on February 23, if you enter the market around 18 to 20 US dollars, the follow-up will follow a volatile upward trend just like LINK.
MATIC: Going with the broader market, it is also running in a volatile upward trend at present, but on the daily chart, it can be seen that the upper and lower shadow lines for two consecutive weeks have remained longer, which shows that although it is in the upward process, but The dealer's obvious way to control the market is still relatively obvious. So if you want to enter the market, try to focus on the swing, buy low and sell high.
