The number of addresses is 3EaWcuNXQrW2JTGy5Cotm4pftovW8UfR2o, the main force against the trend to buy BTC, perhaps most investors do not understand the reason for its operation, but in fact the position is indeed improving. Since the number of coins held on June 15th reached 4,433 BTCs, the number of BTCs has increased by as much as 20,500. Considering that the number of BTCs has reached a new high in the number of coins held on July 12, July 14 and July 16. In fact, the account is increasing its holdings of BTC.
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It can be seen that this is very different from the investors who sell BTC.
More importantly, the number of transactions on the 30th was counted and the account was traded 5,114 times. It can be considered that the account is likely to be the main force of active trading.
Looking back at the recovery process of BTC, in fact, there are obviously three platforms running in the near future. The A position is the sideways platform that was confirmed after the price broke on April 2nd. This position is a cost-intensive area for investors who are buying BTC.
Next is the B position, where the main chips are still heavily distributed. If the BTC falls to this point, it will definitely gain strong support. In terms of volume, the volume of BTC transactions since May has been relatively high. Even if the BTC fell sharply, it would be difficult to fall back to the price level at the beginning of May. What's more, under the expectation of halving BTC, the bullish investors are actually a lot. The decline from the 14,000 US dollar decline is large, and the selling pressure to reduce future price increases must be positive.
The highest C position is the chip-intensive area during the chase period of small and medium-sized investors, and the price fluctuation space in this area is large. The reason is that BTC has not yet prepared for a one-time surge into the bull market. Although the BTC has rebounded from a minimum of $3,155 to around $14,000, it is unlikely that investors with $14,000 will be able to get out.
Of course, unless this part of the insured investor will continue to buy BTC at a low price, and the bottom-end cost of the coin will be less than $14,000, then it will be profitable.
Regarding ETH, the price has fallen back to around $190. We observe the price trend in the early period, we can see the price range from 142 US dollars to 190 US dollars, which is a relatively strong support level. Before ETH broke through $190, there were three breakthroughs in this price range. It can be seen that the breakthrough can be seen as the most supportive point.
ETH fell back to $190, which is also the price of Fibonacci's 61.8% split line. Even in very pessimistic circumstances, a rebound from the location of the dividing line will occur. The rebound of the previous July 15th, although the form of the following shadow line was completed, does not rule out the situation of ETH's second rebound. (CoinNess)