1. Today's market overview
1. Today's market overviewThe total market value of the market today
214.6 billion US dollars, a decrease of 0.6% compared with yesterday. The transaction volume was 47.7 billion US dollars, an increase of 10% compared with yesterday. The market continued to fluctuate and decline after BTC fell below the 8,000 mark. At noon, some second-tier currencies led to a slight rebound in the market, but the overall downward trend still could not be changed.，message level
Germany will introduce a central bank digital currency called "e-euro" for Libra; encryption regulations submitted by South Korean Democratic Party members may take effect before June 2020.According to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 27, a slight increase in the level of panic compared to the previous few days.
2. Distribution of currency rise and fall
2. Distribution of currency rise and fall, the basic situation is not much different from the previous few days. Most currencies continued to fall slightly, and NRG, which had the largest decline, fell by 10%. The currency that rose the most was CENNZ, which rose by 13% in a single day today, but compared with the previous few days, the increase is coming to an end.
3. Trading volume analysis
Since it fell below the 8000 mark yesterday, short positions have gradually become active. The overall trading volume has increased significantly today, among which XRP, XLM, LINK, etc. have seen the most obvious increase. There was a strong rebound at noon, while BTC is still in a weak position and is completely dominated by short sellers.
4. 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.
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.
5. Technical Analysis
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[BTC] After BTC fell to 7700, the box has fluctuated for more than 10 days. Judging from the time window, the inventory is approaching. The overall trend is still dominated by short sellers. Several attacks by multiple parties have failed, and incremental funds are still on the sidelines. Now let’s analyze the trend at the 30-minute level. The entire box has begun to tilt downward, and the shorts are constantly exerting force to suppress the bulls. The current position is also very close to the lower rail. If you go out at any time, it will break through the previous low of 7700; combined with the small level 5 Looking at the trend in minutes, the decline from the high point of 8057 has not yet been completed. This period of decline is formed by a large line segment as the entry segment, and the damage is very strong. Therefore, if there is no strong downward kill later, it will definitely lead to a rebound in divergence.
In summary,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.
LTC：The operation suggests that the rebound is not strong, mainly operate at high altitude around 7860, with a stop loss of 80 knives.The level of Wright's consolidation has been expanding. The longer the time, the more unfavorable it is for the bulls. The market outlook will continue to look at the callback.
ETH：The operation suggests that the rebound around 55 is not strong, mainly short-selling, with a stop loss of 58.The trend of ETH has completely entered half of the inside of the box, and the strength of the bulls has been exhausted. Even if the rebound space is limited, it will continue to look for support in the short term.
EOSThe operation suggests that shorting is mainly around 172, and the stop loss is 175.: Grapefruit has been consolidating for a long time, and it will soon go out of direction. Judging from the current trend, the probability of going down is very high, and it will test around 2.80.
BCH:The operation suggests short-term short-term trading around 2.95, with a stop loss of 3.0.The BCH box has been oscillating for a long time, the whole trend is getting weaker and weaker, the large structure is also sloping downward, and the downward trend is still continuing.
The operation suggests rebounding to around 221 and shorting, with a stop loss of 224.
