Market funds are fleeing at an accelerated rate, and it is necessary to "hold hands" at this stage

At the current stage of the market, we have analyzed and decomposed important events in detail before, and since yesterday the news of the entire market has gradually calmed down, we can observe several phenomena:

(1) The price of USDT has dropped very quickly (the current price is around 6.35, and the lowest was 6.1), which is lower than the RMB exchange rate of 6.43; what does it mean?It’s just that there are a lot of funds fleeing the market, causing everyone to lower the price of U。

(2) There is less news in the market. From the previous intensive news from various KOLs and various institutions, the current situation is that there is no news about various projects on the exchange for a week or two.It shows that the market is gradually cooling down, and even the project party and the exchange have voted with their feet. It shows that we have to face a new market situation, which is the structural bear market we mentioned before.

(3) BTC and ETH are still oscillating repeatedly, and there is a considerable amount of energy changing hands. What does it mean? The market has not completely lost hope. There is still a group of people who hope that the Fed will not raise interest rates and that funds in foreign markets will rebound. As for the possibility of the Fed raising interest rates, we have carefully analyzed it in the previous article, and you can read it in detail. We believe that there are many voices in the market to interpret the possibility of the Fed raising interest rates. Many people think that it will not raise interest rates.Judging from the recent exchange rate fluctuations and control policies, it seems that the high-level leaders have predicted what is clearer than us. That's why such a strict policy was introduced. This kind of thing would rather be believed, even if there is no increase, it will not be too late to enter the arena.

To sum it up, the funds in the cryptocurrency market are decreasing and fleeing (this is the scariest thing), the heat of the market is gradually cooling down, but it is not yet the time of despair, because BTC and ETH are still changing hands . As the saying goes, sickness comes like a mountain fall, and sickness goes like spinning silk,The rebound cannot come soon, this is something that everyone must be clear and sobersecondary title

1. BTC market analysis

Judging from the current volume of BTC, the change of hands is significantly higher than the previous balanced market.It shows that BTC is going to fluctuate more in this area, and it is expected to form a new center in this areasecondary title

2. ETH market analysis

The trends of ETH and BTC are consistent, but the turnover rate is much higher than that of BTC.This position has a high probability of forming a bottom rangesecondary title

3. LTC/XRP/EOS/BCH/ADA/DOGE market analysis

Not considered at this stage, stillsecondary title。

4. DOT/KSM market analysis

Polkadot's bottom change comes from news expectations and illusions, so that many old investors are still in a shrinking state and their costs are very low. Therefore, it is possible to form a bottom interval above 20 at this position,With the continuous news of Polkadot, there is also a process of repeated shocks。 

But at this time, we must calmly remind the market that funds are fleeing, bear market expectations are accumulating, and a rebound will only result in more chips choosing to leave the market. Therefore, there is no independent market at this stage. The practical application will take time to realize.We still look forward to its future, but we must calmly see its current relationship with the market environment。