1. Today's market overview
1. Today's market overview
The total market value of today's market is 218.5 billion US dollars, a decrease of 2.8% compared to yesterday. The market suddenly strengthened around the holidays, and today it began to pull back slightly, with both volume and price falling. Today's trading volume was 51.6 billion US dollars, a decrease of 15% compared to yesterday.
In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 39. In recent days, the panic and greed index has continued to rise along with the market recovery.
2. Distribution of currency rise and fall
2. Distribution of currency rise and fall
Among the top 100 coins by market capitalization today, yesterday’s market gains were considerable. Today, most coins began to pull back. The biggest drop was NEX, which fell by 16%. NEX has continued to fluctuate and go down since August; 15%. CRPT has continued to fluctuate upwards in the past six months, and hit a new annual high today.
3. Stablecoin Analysis
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.
4. Technical Analysis
BTC/USDT secondary market trend analysis (Huobi spot)
5 minute chart
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30 minute chart
[BTC] BTC rebounded during the holidays, driven by second-tier currencies such as EOS and ETH, with a peak of around 8,500. The rebound was not bad but the volume did not keep up, indicating that buying confidence is still insufficient. Now analyze directly from the 30-minute level. After continuous shock washing, the 30-minute standard center has been built, and the adjustment in the morning has broken through 8320. It can be said that the previous rebound has been roughly completed, and the weak shock will be the main focus in the future; Looking at the level in 5 minutes, the support around 8160 is strong, and there are signs of slight stabilization in the early adjustments, but if the height cannot be hit, the short-term rebound will continue to go down to complete the entire trend.
In summary, although BTC has rebounded, the overall downward trend has not yet shown an end signal, and the trend is still dominated by bears. The operation suggests that the rebound is not strong, mainly operate at high altitude around 8320, with a stop loss of 80 knives.
LTC: Although Wright rebounded following the second line, but it was hard to get stuck in the early stage, and the strength could not come out. The operation suggests that the rebound around 57 is not strong, mainly short-selling, stop loss at 59.
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. Operational recommendations are mainly short-selling around 177.5, with a stop loss of 180.
EOS: Grapefruit rebounded strongly this time around, and it can be said that it led the second-tier rise, but the rebound was too large, and the short-term rise was limited. The operation suggests short-term shorting around 2.97, with a stop loss of 3.05.
