1. Industry Interpretation
1. Industry Interpretation
It seems reasonable that the money we earn will be stored in the bank, so should our digital currency also be stored in the exchange? In the traditional financial industry, due to the mature security measures in all aspects of supervision, it is quite difficult to go to the bank to make some ill-gotten gains. I have to say that we store all our money in the bank, which is definitely dangerous for the bank, but it is not fatal. But if all digital currencies are stored in exchanges, it will not only be dangerous, but also fatal.
According to conservative statistics, nearly 20% of the world's digital currencies are stored in exchanges. Although this figure is far lower than the traditional financial industry, it is quite dangerous. If the exchange is hacked, the worst case is even Nothing to lose.
Our ancestors taught us not to put all eggs in the same basket. Since digital currency has only emerged in recent years, there has not been a case of large-scale exchange theft, so friends who invest in digital currency must also consider this risk while making money.
2. Today's market overview
2. Today's market overviewIt was 217.5 billion U.S. dollars, no significant change from yesterday. After two consecutive dives, the market gradually calmed down. Trading volume continued to shrink today, down 11% from yesterday.
message levelThe government of Uzbekistan tripled the electricity bills for encrypted miners; Ukraine plans to legalize cryptocurrencies; Swiss Confederation President Maurer said that blockchain and other technical fields can deepen cooperation between China and Switzerland. In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 33.
3. Distribution of currency rise and fall
Among the top 100 currencies by market value today, most of them have little volatility, and the wait-and-see sentiment in the market continues to increase. BTC rose slightly today, while other currencies dropped slightly on average, and the market remained flat overall. The biggest increase today is the unpopular small currency SEELE, which pulled the market today, with an increase of 30%. The biggest drop is LAMB, which has fallen off a cliff since the middle of the year, and fell another 20% today.
4. Trading volume analysis
4. Trading volume analysis
Among the top 30 currencies by transaction volume, the transaction volume continued to slump, and the transaction volume of the top 30 currencies almost all declined. The market is cold again. In recent days, after the continuous diving in the market, the bears seem to be weak, and the wait-and-see sentiment in the market is getting heavier and heavier.
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Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
6. Technical Analysis
BTC/USDT secondary market trend analysis (Huobi spot)
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[BTC] BTC continues to maintain a weak consolidation in a large-scale downward trend. Although there has been a rebound, the strength of the bulls is very weak. It is all due to the exchange of chips in the field, and there is little strength. Second-tier currencies also follow BTC and continue to trade sideways. Now analyze directly from the 30-minute level trend. The level of downward consolidation is gradually escalating, but no matter how much it rebounds, it cannot enter the lower track of the center. Combined with the small-level 5-minute trend, several good rebounds in the consolidation did not completely open the 5-minute bargaining area, and they were all beaten back after a small upward rush. They have been oscillating around the box, and the trend At present, it is still quite weak, the bulls have not found a good breakthrough, and the market outlook will continue to be bearish.
To sum up, BTC's high-level dive triggered a large-level breakout. After a few days of adjustments, the trend has not stabilized, indicating that the market is extremely weak. The operation suggests that the short-term rebound is not strong, mainly shorting around 8170, with a stop loss of 100 points.
LTC: Wright's trend is quite weak, the center of gravity of the whole consolidation trend keeps moving down, and the space for bulls to rebound is severely suppressed. Operational recommendations are mainly short-term short-term around 55.5, with a stop loss around 58.
ETH: The upside trend of ETH is stronger than that of BTC, and it has hit a new high slightly, but it is still pulled back by the box, and the overall height is still limited. The operation suggests that shorting is mainly around 173.5, and the stop loss is around 176.
EOS: Grapefruit keeps oscillating sideways, unable to even come out with a decent rebound, and it will fall for a long time, which is fatal to the bulls. It is recommended to rebound to around 2.83 for short-term short-term, with a stop loss around 2.90.
