QKL123 market analysis | Bitcoin upside down 11,000 US dollars blocked, short-term uncertainty increased (0820)

Abstract: Today's bitcoin's upside of $11,000 was blocked and short-term uncertainty increased. The short-term BTC probability continues to fluctuate in the triangle convergence interval, and it still looks much in the long run.

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According to QKL123 statistics, at 13 o'clock on August 20, 2019, the total market value of the global Token market was 1994.875 billion yuan, the total market value of 24 hours increased or decreased by +3.15%, the total turnover of 24 hours was 355.938 billion yuan, and the total turnover of 24 hours. The change was +10.68%, and the 24-hour market activity increased significantly. The market value of BTC accounted for 68.26%, which was higher than yesterday (67.59%). The market risk aversion was still high; the alternative sentiment index was 39, which was higher than yesterday (30), and the market performance remained fear.

The Babbitt Composite Index 8BTCCI reported 14534.23 points, up 24 hours to +2.54%. Among the top ten encrypted assets in the market value (excluding USDT), BSV has the largest increase in 24 hours (+4.00%), BTC has risen and fallen +3.67% in 24 hours, and ETH has risen and fallen +1.36% in 24 hours. The USDT rose by -0.01% in 24 hours, and the net inflow of funds today was 30,713,200 yuan, which was opposite to yesterday.

Today, Bitcoin's Google search trend relative value (peak 83) is slightly lower than yesterday (peak 85), lower than the average since the 7th, the top five countries are Nigeria (100), Brazil (69), South Africa. (57), Austria (55) and Ghana (54).

Analyst's point of view: Three months after the USDT hearing was postponed at the end of last month, the New York State Court ruled that it had jurisdiction over Bitfinex and allowed the New York Attorney General's Office to continue investigations. Although the news is neutral, it reminds investors that the potential risk of USDT still exists and it takes time to digest. The BTC's upside of $11,000 was blocked, short-term uncertainty increased, and short-term shocks adjusted the situation unchanged.

First, the spot BTC market

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At 16 o'clock yesterday, the BTC's heavy volume hit $10,500, and then fluctuated around $10,700. It started to attack $11,000 at 6 am today, but after the resistance, the contraction was down, and the short-term callback was able to attack $11,000. Sex still exists. From the 4-hour K-line, the current BTC is in the middle of the short-term convergence triangle, and the shock adjustment may last for more than half a month.

Fund face

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As of 14:00, BTC's net capital inflow today was 808,287,100 yuan, an increase from yesterday (76,382,200 yuan). Among them, the large outflow (greater than or equal to 1 million yuan) net outflow is 33.9296 million yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow is 405.56 million yuan, and the medium single (between 50,000 and 300,000 yuan) net The inflow of 454.710 million yuan, the small single (less than 50,000 yuan) net outflow of 17.53 million yuan. There are differences in the market, with large orders and large singles.

2. Fundamentals

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At present, the BTC's total network computing power is 73.39 EH/s, which is slightly higher than yesterday (72.58EH/s), close to the historical high point, and the long-term upward trend has not changed. The number of currency days destroyed yesterday was 7.10.8 million (historically smaller) than the previous day (2.0255 million), but the long-term uptrend was not destroyed.

Second, the spot ETH market

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Yesterday, ETH's long-term attack of 200 US dollars suffered a large resistance. After continuous shocks, it was heavy at 0:00 in the morning. After that, the bulls continued to attack, but the amount of energy could not be reduced to 203 US dollars and then the volume was down. Sex still exists. The ETH/BTC trading pair has slowed down from yesterday's high of 0.0190 BTC and is currently shrinking down to around 0.0185 BTC.

Fund face

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As of 14:00, ETH's net outflow of funds today was 988.05 million yuan, which was reversed from yesterday. Among them, the large outflow (greater than or equal to 1 million yuan) net outflow of 19,946,100 yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow of 75,077,300 yuan, in the middle (between 50,000 and 300,000 yuan) net The inflow of 8,889,300 yuan, the small outflow (less than 50,000 yuan) net outflow of 16327.10 million. There are differences in the market, mainly based on small singles.

2. Fundamentals

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Observing the Midu statistics, the overall activity of the 24-hour ETH DApp has increased. Among them, the pledge of DAI's 24-hour total flow of 3,901 ETH increased compared with yesterday (3,429 ETH), the trading platform IDEX's 24-hour total flow of 1,118 ETH decreased compared with yesterday (1,258 ETH); the game encryption hero's 24-hour active user The number 2,344 decreased from yesterday (2,486); the 24-hour transaction number of the stable currency Paxos Standard was 882 compared with yesterday (679).

Third, the spot LTC market

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LTC oscillated down after hitting a maximum of $77 yesterday, and it was heavy at 14 o'clock today, after which it fluctuated from a low of $75. Today, the LTC/BTC trading pair returned to yesterday's low of 0.0070 BTC, after which the amplitude and amount were able to decay relative to yesterday.

Fund face

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As of 14:00, the net inflow of LTC funds today was 9,025,500 yuan, a significant decrease from yesterday (278.64 million yuan). Among them, the large outflow (greater than or equal to 1 million yuan) net outflow is 58.478 million yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow is 1712.88 yuan, and the net inflow (between 50,000 and 300,000 yuan) net inflow The net inflow of 4,291,900 yuan and small orders (below 50,000 yuan) was 4.5455 million yuan. There are differences in the market, with a large single-short position.

2. Fundamentals

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At present, LTC's total network computing power is 347.27TH/s, which is lower than yesterday (377.60 3TH/s), which is close to the low point of two months. Yesterday, the number of LTC coins destroyed (968.74 million, historically small), compared with the previous day (828.18 million), the long-term trend has not been destroyed.

Fourth, the spot EOS market

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Yesterday, EOS bulls went down to the highest level of 3.8 US dollars and then went down. At 00 am today, the volume dropped downwards. After the lowest price reached 3.6 US dollars, the small amount fluctuated. The EOS/BTC traded a small uptrend from today's low of 0.00034BTC, weakly linking BTC.

Fund face

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As of 14:00, EOS's net outflow of funds today was 8,979,300 yuan, a decrease from yesterday. Among them, the net inflow of oversized single (greater than or equal to 1 million yuan) is 1,268,800 yuan, the net inflow of large single (between 300,000 yuan and 1 million yuan) is 868,100 yuan, and the net is in the middle (between 50,000 and 300,000 yuan). The outflow was 34,194,600 yuan, and the net outflow of small orders (below 50,000 yuan) was 5,774,600 yuan. There are differences in the market, with medium and small orders being mostly reduced.

2. Fundamentals

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Looking at the Midu statistics, the overall activity of the 24-hour EOS DApp increased slightly. Among them, the number of 24-hour active users of entertainment game Texas Hold'em is 1,208, which is slightly lower than yesterday (1,213). The number of 24-hour active users of entertainment game Trust Dice is 796 compared with yesterday (713), and the entertainment game WinPlay is active 24 hours. The number of users 734 has decreased from yesterday (764).

V. Analyst strategy

1. Long line (1-3 years)

The long-term trend of BTC is improving. Currently, it is in the stage of partial adjustment. The market of mad cows may come in the next one to two years, and it can be added on a dip. The BTC trading of the intelligent contract platform ETH, the altcoin leader LTC, and the DPoS leader EOS is at a low level during the year and can be configured on a dip.

2. Midline (1-3 months)

The short-term BTC will continue to converge and adjust its reserves, which can be added to the bargain.

3. Short-term (1-3 days)

Short-term BTC uncertainty increases, you can do long on dips, short rallies, and strictly control positions.

14 Note: Encrypted assets are high-risk assets. This document is for decision-making purposes only and does not constitute investment advice.