After two days of sideways trading, BTC has the intention to explore again today, but the volume can continue to shrink, and the market wait and see mood is still heavy. The pressure of $ 6,900 is more critical. If it can break up, the space above will open. However, the pressure above is still high. At this position, it should not be taken lightly.
Second, the spot ETH market
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At present, the ETH 2.0 upgrade has been postponed, from the planned first quarter of this year to July this year, mainly due to the need to improve the problems found. On the disk, the relative weakness of ETH has appeared: relative to the current trend of BTC being too much, ETH has shown a trend of convergence as a whole, and the recent weak linkage of BTC is the main trend.
Third, the spot BCH market
BCH continued its upward movement today, with more capital flowing. It has been less than two weeks since the halving in April. If BTC is able to break through in the near future, it is expected that there will be a large increase in the positive, but if it cannot be broken through, it will be difficult to get out of the independent market. Continue to link BTC mainly for a short time, and observe the pressure situation above.
Fourth, the spot LTC market
Today, the LTC linkage is testing the pressure, and there are differences in the flow of funds between long and short. The current upward energy capacity has not continued to increase, and the short-term uncertainty is large.
V. Spot EOS Quotes
On the financial side, EOS has experienced a continuous net inflow of funds for 7 consecutive days, but the accompanying volume energy and amplitude have continued to shrink. The overall trend is similar to ETH, and a short-term brewing change is expected .
Six, spot ETC market
ETC is moving upwards today. The trend is similar to that of EOS. There are too many capital inflows, but it has also continued to flow in for many days. In a short time, it may be linked with BTC to test the pressure .
1. Long line (1-3 years)
Although the long-term trend of BTC is bad, but the price is not far from the bottom, it is a good time for Tun Coin to invest. You can refer to the coin storage indicator . The smart contract platform leader ETH, altcoin leader LTC, DPoS leader EOS, BTC fork currency leader BCH, and ETH fork currency leader ETC can be configured on dips.
2. Midline (January to March)
Affected by the financial environment, it is difficult for Bitcoin to get out of the bottom in a short period of time, and those with small positions intervene in batches .
3． Short-term (1-3 days)
The market has moved upwards, paying attention to the upward pressure and making camera decisions .
Appendix: Interpretation of Indicators
1. 8BTCCI broad market index
The 8BTCCI broad market index is composed of the most representative tokens with large scale and good liquidity in the existing global market of the blockchain to comprehensively reflect the price performance of the entire blockchain token market.
2.Bitcoin Strength Index
The Bitcoin Strength Index (BTCX) reflects the exchange rate of Bitcoin in the entire Token market, and then reflects the strength of Bitcoin in the market. The larger the BTCX index, the stronger the performance of Bitcoin in the Token market.
3.Alternative mood index
The Fear & Greed Index reflects changes in market sentiment. 0 means "extremely fearful" and 100 means "extremely greedy." The components of this indicator include: volatility (25%), transaction volume (25%), social media (15%), online questionnaire (15%), market share (10%), and trend (10%).
4.USDT OTC Premium Index
The ChaiNext USDT OTC INDEX index is obtained by dividing the USDT / CNY OTC price by the offshore RMB exchange rate and multiplying by 100. When the index is 100, it means the USDT parity, when the index is greater than 100, it means the USDT premium, and when it is less than 100, it means the USDT discount.
5.Net Funds Inflow (Out)
This indicator reflects the inflow and outflow of funds in the secondary market. By calculating the difference between the inflow and outflow of funds from global trading platforms (excluding false transactions), a positive value indicates a net inflow of funds, and a negative value indicates a net outflow of funds. Among them, the turnover is counted as inflow capital when rising, and the turnover is counted as outflow capital when falling.
6.BTC-coin hoarding indicator
The coin hoarding indicator was created by Weibo user ahr999 to assist bitcoin scheduled investment users to make investment decisions in conjunction with the opportunity selection strategy. This indicator consists of the product of two parts. The former is the ratio of Bitcoin price to the 200-day fixed investment cost of Bitcoin; the latter is the ratio of Bitcoin price to Bitcoin fitting price. In general, when the indicator is less than 0.45, it is more suitable to increase the investment amount (bottom-sweeping), and the time interval accounts for about 21%; when the indicator is between 0.45 and 1.2, the fixed investment strategy is suitable, and the time interval accounts for about 39 %.
Note: Crypto assets are high-risk assets. This article is for decision-making reference only and does not constitute investment advice.