1. Today's market overview
1. Today's market overview
The market continued to fluctuate within a narrow range today, with the total market capitalization returning to US$180 billion in the early hours of the morning, and then making a slight correction and hovering below it. As of the time of writing, the total market value of global digital assets is 178.709 billion US dollars, a slight decrease of 1.30% compared with yesterday's 181.075 billion US dollars. In terms of transaction volume, due to the impact of the global economy and the epidemic, the transaction value continued to weaken. As of the time of writing, today’s 24-hour trading volume was US$105.720 billion, down 9.18% from yesterday’s US$116.417 billion.
In terms of market sentiment, according to the statistics of Alternative.me, the panic and greed index today is 12 (10 yesterday), the degree of panic has dropped slightly, and the level is still extremely panic.
2. Asset rise and fall distribution
2. Asset rise and fall distribution
Among the falling assets, CKB has fallen sharply since yesterday, and fell 9.10% in 24 hours today; BCN ranked second, with a 24-hour drop of 8.18%, but its trading volume was less than $10,000; the overall decline of the remaining falling assets was average. Below 5%.
3. Trading volume analysis
3. Trading volume analysis
Among the falling assets, BSV led the decline today, and its 24-hour trading volume shrank by 32%; TRX followed closely, with a 24-hour trading volume falling by 26%, and its price also fell slightly; the remaining falling assets all fell below 20%.
4. Analysis of key assets
5. Technical Analysis
5. Technical Analysis
Looking at the closing line today, the bulls have slackened their efforts to counterattack, the center of gravity has begun to move down, and the room for adjustment is still limited. The decline near 6900 has not yet ended. If the bulls cannot attack strongly, the support near 6000 will be tested in the short term. The whole trend is an unfinished segment, and the area around 6000-6200 is the short-term buying supply area. If you can't dry it out quickly, the bulls will still make trouble.
