QKL123 market analysis | Bitcoin 12,000 US dollars were resisted, market uncertainty increased (0807)

Abstract: Bitcoin's heavy volume after the increase of 12,000 US dollars increased, and short-term support at 11,200 US dollars, the market uncertainty increased. Recently, the market has a high risk aversion, and the short-term shocks adjust the situation unchanged, and the long-term shocks and upward trend remain unchanged.

According to QKL123 statistics, on August 07, 2019, the total market value of the global Token market was 213.224 billion yuan, the total market value of 24-hour increased or decreased by -1.03%, the total turnover of 24 hours was 468.878 billion yuan, and the total turnover of 24 hours changed + 2.71%, 24-hour market activity continues to increase. The market value of BTC accounted for 68.01%, a slight increase from yesterday (67.41%), and the market risk aversion was still high.

At 12 o'clock, the top ten encrypted assets in the market value (excluding USDT), BSV fell the most in 24 hours (-4.79%), BTC rose by -0.38% in 24 hours, ETH rose by -0.71% in 24 hours, LTC rose in 24 hours – 1.78%. The USDT rose by +0.16% in 24 hours, with a 24-hour turnover rate of 2.34%, and a slight increase in 24-hour off-exchange capital inflows.

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The Babbitt Composite Index 8BTCCI reported 15917.05 points, up 24 hours to -1.25%; alternative.me sentiment index was 64, which was significantly lower than yesterday (45), and the market performance changed from greed to fear. Today's Bitcoin's Google search trend has dropped significantly from yesterday, returning to the previous day's level.

Analyst's point of view: BTC suffered strong resistance after attacking 12,000 US dollars, and then the volume fell and supported at 11,200 US dollars. The short-term market uncertainty increased, and the possibility of short-term shocks was greater.

First, the spot BTC market

At 14 o'clock yesterday, the BTC's heavy volume hit 12,000 US dollars, but by 16 o'clock, the heavy volume went down. At 6 o'clock in the morning, the small amount of the small volume reached a low of 11,200 US dollars, and the short-term contraction was up, and the uncertainty increased. However, in light of the daily MACD indicator, it is more likely to continue to attack in the near future.

Fund face

As of 14:00, BTC's net outflow of funds today was 1,681,713,800 yuan, which was reversed from yesterday. Among them, the over-single (more than or equal to 1 million yuan) net outflow is 463.709 million yuan, the large single (between 300,000 yuan and 1 million yuan) net outflow is 27,688,290 yuan, and the medium single (between 50,000 and 300,000 yuan) net The outflow was 61.36 million yuan, and the net outflow of small orders (below 50,000 yuan) was 325.56 million yuan. The market has become lighter, with a single order and a large single.

2. Fundamentals

Next block reward halved countdown estimate: 264 days

At present, the BTC's total network computing power is 74.87 EH/s, which is higher than yesterday (72.41 EH/s), close to the historical high point, and the long-term upward trend has not changed. Yesterday, the number of active addresses in the BTC chain was 857,600, which was higher than the previous day (77.74 million) and reached a high point in a month. Today's currency day destruction is 205.58.81 (historical value) is lower than yesterday (3099.19 million). The risk of short-term selling pressure is still large, but it has little effect on long-term trend.

Second, the spot ETH market

Yesterday, ETH rushed to the top of 239 US dollars, then quickly fell back, the lowest to 223 US dollars, a short-term continue to attack. Yesterday, the ETH/BTC transaction had a large probability of bottoming up 0.01191 BTC and then increased upwards. The shortest time was up to 0.0199 BTC, and then quickly fell back to 0.0195 BTC, which continued to rise.

Fund face

As of 14:00, ETH's net inflow of funds today was 2,764,680 yuan, an increase from yesterday (15,801,500 yuan). Among them, the large inflow (greater than or equal to 1 million yuan) net inflow of 8.929 million yuan, the large single (between 300,000 yuan to 1 million yuan) net inflow of 125.332 million yuan, the middle (between 50,000 and 300,000 yuan) net The outflow was 30,367,900 yuan, and the net inflow of small orders (below 50,000 yuan) was 172,251,900 yuan. The market is dominated by large orders and small orders.

2. Fundamentals

Observing the Midu statistics, the overall activity of the 24-hour ETH DApp was slightly reduced. Among them, the 24-hour total flow (5,895 ETH) of the pledge by DAI increased or decreased by +0.07% compared with yesterday, and the 24-hour total flow of the trading platform IDEX (1,803 ETH) increased or decreased by -0.09% compared with yesterday; the 24-hour active user of the game encryption hero The number (2,062) increased or decreased by -2.27% compared with yesterday; the 24-hour trading volume of the stable currency Paxos Standard (2,113) increased or decreased by -1.49% compared with yesterday.

Third, the spot LTC market

At 14 o'clock yesterday, LTC went up to $100, but after a rapid decline, the amount continued to shrink, and the lowest reached $91. The LTC/BTC trading pair has risen from the low of 0.0078 BTC and is currently fluctuating around 0.0080 BTC, which is expected to stabilize.

Fund face

As of 14:00, the net inflow of LTC funds today was 184,455,400 yuan, a decrease from yesterday (20,966,430 yuan). Among them, the net inflow of oversized single (greater than or equal to 1 million yuan) is 700.54 million yuan, the net inflow of large single (between 300,000 yuan and 1 million yuan) is 36.972 million yuan, and the net is in the middle (between 50,000 and 300,000 yuan). The inflow of 24,956,800 yuan, the small inflow (less than 50,000 yuan) net inflow of 52,475,300 yuan. The market has reduced its positions, and it is still dominated by oversized single-sales.

2. Fundamentals

At present, LTC's total network computing power is 441.85TH/s, which is lower than yesterday (452.90TH/s), lower than the average value of the past month, and the long-term upward trend has not changed. Yesterday, the number of active addresses on the LTC chain was 84,700, an increase from the previous day (74,200), approaching a one-month high. Yesterday, the number of LTC coins destroyed (439.474 million, historical normal value), significantly increased from the previous day (124.839 million), but has little effect on the long-term trend of LTC.

Fourth, the spot EOS market

EOS quickly descended from $4.50 in the early hours of the morning, and the lowest was $4 in the early morning, and there was a heavy volume, which linked the BTC in a short time. At 03:00 today, the EOS/BTC trading volume fell to 0.000347 BTC, and the possibility of bottoming increased.

Fund face

As of 14:00, EOS's net capital inflow today was 5,179.6 million yuan, a significant decrease from yesterday (1300.81 million yuan). Among them, the net inflow of super large single (greater than or equal to 1 million yuan) is 2,803,500 yuan, the net outflow of large single (between 300,000 yuan and 1 million yuan) is 30,578,000 yuan, and the net is between medium and small (between 50,000 and 300,000 yuan). The outflow was 235.95 million yuan, and the net inflow of small orders (below 50,000 yuan) was 10,316,580 yuan. The market has a lot of differences, and most of them are small.

2. Fundamentals

Looking at the Midu statistics, the overall activity of the 24-hour EOS DApp was slightly reduced. Among them, the number of 24-hour active users of entertainment games Texas Hold'em (1,237) increased or decreased by -0.72% compared with yesterday; the 24-hour total flow of trading platform DEXEOS (167,292 EOS) increased or decreased by +2.19% compared with yesterday.

V. Analyst strategy

1. Long line (1-3 years)

The long-term trend of BTC is improving. Currently, it is in the short-term partial adjustment stage. The mad cow market may come in the next one to two years. The BTC transaction of the intelligent contract platform ETH, the altcoin leader LTC, and the DPoS leader EOS is close to the lowest point in the year. Currently, the BTC is the main link, which can be properly configured on the dips.

2. Midline (1-3 months)

Short-term shocks adjust the situation, all kinds of encrypted assets can be bargained at the bargain-hunting or rallies.

3. Short-term (1-3 days)

The short-term BTC gained support at $11,200, but the uncertainty was greater, with resistance at $12,000 and support at $11,000.

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

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