BTC sees more emotions falling back and returning to the shock pattern

Previous review

BTC: In the short term, BTC will still fluctuate around $10,000, waiting for the choice. If the market is unable to inject upside momentum into BTC, the price of BTC will still be mainly down. The BTC fell to a minimum of $9,600, and then it rose indefinitely, and the market is still waiting.

ETH: ETH retests the $165 support range. If the rebound is still unable to push ETH, then when the $165 support interval is tested again, the high probability will break through the support range and continue to fall. Did not test $165 again, then quickly rose, up to $224.

EOS: At present, there is still a period of good EOS distance, and there is still some imagination in the market. If the transaction volume is still unable to be effectively enlarged, after the profit is realized, there may be profit taking. EOS rose to a maximum of $4.2, a 10% increase over the 12th.

Highlights of this issue

Summary: According to the standard consensus sentiment index, the current market sentiment is good, the latest index is 1.22, the market sentiment index is gradually rising, and the transaction volume is also in a step-up state. This is because the mainstream currency rotation triggered the market to expect warming. However, if BTC cannot be lifted, it will eventually drag down the market.

BTC: In the short term, BTC will still fluctuate around $10,000. Short-term operation is the mainstay. During the $10,000 up and down shock, it fell below $10,000 and sold at a relatively high price.

ETH: ETH is currently rising gradually into the top pressure zone, there is a certain risk of selling, and there may be a certain stagflation in the short term.

TRX: TRX has risen too fast recently, the market has cashed in, the impulse to take profits, and the momentum of continued increase in the short term is weakened.

Current report

As of the publication of the report (September 20, 2019), the total market value of global digital currency assets this Friday was US$277.731 billion, up US$6.474 billion year-on-year, or 2.45%. The 24-hour market turnover was US$65.938 billion, a year-on-year increase of US$16.939 billion, or 34.57%. The market capitalization and 24-hour turnover are growing at the same time, but the market capitalization does not increase much. Instead, it is in the spot market of the exchange. After the volume declines, the low volume pushes up. At present, the mainstream currency has a state of rising rotation, but it has not caused a reverse increase in BTC prices. At present, the market is still in the game of its own game. More funds are mainly wait-and-see, and will continue to fluctuate in the short term.

Source: Standard Consensus, CoinMarketCap

According to the standard consensus sentiment index, the current market sentiment is good, the latest index is 1.22, the market sentiment index is gradually rising, and the trading volume is also in a step-up state. This is because the mainstream currency rotation has caused the market to expect a warming. However, if BTC cannot be lifted, it will eventually drag down the market. At the same time, according to the ratio of bitcoin to total market capitalization, the market value of bitcoin decreased, down 2.60% year-on-year, and the market value of bitcoin accounted for less than 70%, although it is still in market control; while the market value of other currencies is not obvious. The change was only 0.45% year-on-year. BTC is still in the dominance of the market. The rise and fall of BTC will continue to affect the market trend. Due to the activeness of other mainstream currencies, the market hotspots will be gradually mobilized.

Source: Standard Consensus, CoinMarketCap

According to the standard consensus halving countdown index, the current block height of BTC is 595,704, and there are still 221 days from the next halving. It will take some time for BTC to achieve a halving of expectations. However, investors should pay attention to the halving of BTC. When the next halving approach, BTC prices will once again enter a fast-rising cycle.

Review and analysis of the trend of BTC, ETH and EOS

According to CoinMarketCap data, BTC's average daily turnover rate was 8.22% on the 7th, which was 2.09% lower than the average daily turnover rate in three months, and 0.40% lower than the average daily turnover rate in the previous week. This week, BTC prices were in a sideways volatility trend. Although there was a rapid drop in the day, the price was pushed back to the starting point of the decline by the lower volume. The game between the long and short sides of the market is not motivated, and there is no obvious directional determination, in the process of repeated trials. In the short term, BTC will still fluctuate around $10,000. Short-term operation is the mainstay. During the $10,000 up and down shock, it will fall below $10,000 and sell at a relatively high price.

According to CoinMarketCap data, ETH's average daily turnover rate was 37.46% on the 7th, which was 5.74% higher than the average daily turnover rate in three months, and 2.83% higher than the average daily turnover rate last week. The willingness of market capitalization to tap the bottom is gradually emerging, and there is a cyclical rise between the mainstream currencies. ETH is currently rising gradually into the top pressure zone, there is a certain risk of selling, and there may be stagflation in the short-term.

According to CoinMarketCap data, TRX's average daily turnover rate was 56.51% on the 7th, which was 17.06% higher than the average daily turnover rate in three months, and 2.59% higher than the average daily turnover rate in the previous week. The mainstream digital currency is rotating, TRX enters the oversold rebound state, this round of rebound TRX is up nearly 30% compared with the 12th, and the trading volume is gradually enlarged. TRX has risen too fast recently, the market has cashed in, the impulse to take profits, and the momentum of continued growth in the short term has weakened.