BTC's rise is blocked, can it break through again?
TLABResearch
2020-05-26 08:29
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After BTC fell below the support level of 9000, it fluctuated irregularly, and then rebounded sharply. The reason is that yesterday’s drop was too large, which was not proportional to the increase in trading volume. It is normal to rebound recently, bu

1. Today's market overview

1. Today's market overview

Today's market rebounded slightly after yesterday's decline. Although the total market value of digital assets has returned to above 250 billion US dollars, the overall rebound is not strong. As of the time of writing, the total market value of global digital assets is 250.085 billion U.S. dollars, a slight increase of 1.28% compared to yesterday's 249.623 billion U.S. dollars.

In terms of trading volume, although the price has risen somewhat today, the daily turnover still shows a shrinking performance. As of the time of writing, today’s 24-hour turnover was US$97.175 billion, down 11.24% from yesterday’s US$109.483 billion.

In terms of market sentiment, according to Alternative data, today's panic and greed index is 39 (yesterday's 41), and the level of panic is slightly higher than yesterday, and the level is still panic.

2. Asset rise and fall distribution

2. Asset rise and fall distribution

Among the falling assets, the overall decline of assets today is relatively small. After the sharp rise in the previous two days, TFUEL made a slight correction today, falling 12.33% in 24 hours; REN ranked second, with a decline of 7.51% today; Below 5%.

3. Trading volume analysis

3. Trading volume analysis

Among the falling assets, the 24-hour turnover of TFUEL today shrank by 50.94% today; QC followed closely, and the 24-hour trading volume also fell by 37.74%; the turnover of the rest of the falling assets were all below 20%.

4. Analysis of key assets

The broader market rose slightly today, and all mainstream assets rose. Among them, BTC led the rise of mainstream currencies today, up 1.52% in 24 hours, and the current price is 8930.36 US dollars; BCH also rose 1.22% today, and the current price is 236.64 US dollars; ETH also rose 0.98% today, and its price remained above 200 US dollars, and the current price is 204.25 US dollars ;XRP continued to remain in a sluggish state, with a slight increase of 0.59% in 24 hours, and the current price is 0.1954 US dollars; BSV has been negatively affected by CSW, and its price has been sluggish, with a slight increase of 0.33% today.

5. Technical Analysis

5. Technical Analysis

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