Market Analysis: This week will usher in big fluctuations

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Madman Says

The market has reached a critical point. This position is a sensitive position. The phased choice of direction is in these 1-2 days. The continuous buying of bulls has given Bitcoin an advantage in competing for the 60,000 mark. With the 14th Nasdaq The big event of listing Coinbase is coming soon, and the currency circle is also in the early stage of violent fluctuations. For many investors, they are paying attention to how the traditional capital market prices Coinbase and the real expectation of Coinbase's stock price, because this represents the big Capital’s views on the currency circle will have a huge impact on the future of Bitcoin. After all, the upstart Bitcoin still depends on the eyes of the traditional big brother. No matter how awesome you are, you must have the minimum respect for tradition. All walks of life are common.

Jinse Finance Contract Market Analysis | The funding rate remains high, and the bullish sentiment is still strong: According to the Huobi BTC perpetual contract market, as of 18:00 today (GMT+8), the BTC price is temporarily reported at $11,264 (+1.11%) , the settlement funding rate at 20:00 (GMT+8) is 0.049301%.

BTC fluctuated and rose to $11,500 last night, and then fell to $11,200 to find support. According to Huobi’s futures contract data, BTC’s quarterly contract turnover continued to decrease compared with yesterday’s, while open interest saw a slight increase. The proportion of elite longs was stable, and the quarterly contract maintained a relatively large positive premium. BTC is currently consolidating in a narrow range above $112,000, and some currencies have experienced a sharp price correction due to the sharp drop the day before, among which LINK hit a new high. The overall bullish sentiment in the market remains strong.

The price of USDT on Huobi Global OTC is 6.95 yuan, with a premium rate of -0.55%. [2020/8/4]

Powell said yesterday that he hopes inflation will remain moderately above 2% for some time. This means that the loose environment will continue, and it is a relatively dovish idea. Therefore, the macro economy is still very friendly to the currency circle. We must always pay attention to the Fed's movements, because it will greatly affect our own wallets. At the same time, Powell said that the Federal Reserve is working hard to study digital currencies and do more in-depth research on the advantages and disadvantages of digital dollars. The Federal Reserve will also study the use of blockchain technology, and the trend of the future digital world is already irresistible.

Jinse Finance contract market analysis | The market has seen a correction, and the bullish sentiment is still stable: According to the Huobi BTC perpetual contract market, as of 18:00 today (GMT+8), the BTC price was temporarily reported at 9182 US dollars (-2.19%), 20:00 00 (GMT+8) settlement funding rate is 0.010000%.

The market fell last night, and BTC dropped from $9,400 to $9,118 today. The inactive trading sentiment in the market was once again suppressed to a certain extent. According to Huobi’s futures contract data, BTC contract turnover increased in the current quarter, while open interest declined during the decline, the proportion of elite longs decreased slightly, and the contract premium in the current quarter was relatively stable. BTC is currently consolidating above $9,100. Some mainstream currencies have rebounded for a short time, and the bullish sentiment in the market is still stable.

The price of USDT on Huobi Global OTC is 6.97 yuan, with a premium rate of -0.54%. [2020/7/10]

The proportion of Bitcoin’s market capitalization has dropped to the lowest level in the past two years, accounting for 54.1%. This position is most likely to rebound in the short term. There are two ways to make this data rise. One is the ratio of Bitcoin’s rise. Other currencies are fast, and the other is that Bitcoin falls slower than others. At present, the madman is still more inclined to the first one. After all, the momentum of the bulls is relatively stable. Data is one of the reasons why madmen believe that the market will change in the near future.

Coindesk market analysis: BTC may drop to $8,865: Coindesk published an article on BTC trend analysis today. The article pointed out that the closing price of BTC yesterday (07th) was below the 10-day moving average, which indicates that the short-term bull market has failed, and it failed to break through the key reverse head on the weekend. Shoulder top neckline resistance. BTC’s attempt to regain the 10-day SMA failed earlier today, with the 5-day SMA bearish. Therefore forecast, BTC may drop to $8865 (bear market marker); a close below the 100-day moving average at $8897 would confirm a short-term bullish trend change and a further drop to $7787 (61.8% Fibonacci retracement from 6425 is possible) USD to $9990); on the other hand, if the price is above $9678, it will be corrected to $10000, and only a daily close above $10000 can restore the bullish outlook. [2018/5/8]

Market Analysis

Bitcoin:

The key point of choosing the direction is whether to spray upwards or return to the box to oscillate. At present, there is no answer. Although the madman believes that the market has a greater chance of going up, there is still the possibility of a wave of sharp declines before going to new highs. Position Most of our positions are mainly currency holdings. Instead of betting on how the market will go, we use reasonable position management to win the profits that the market gives us.

ETH:

The linked big pie has not gone bad as a whole. If it falls below 2080 today, there is a possibility of going bad. You can hold it for the time being.

Platform currency:

The collective climax is not a good phenomenon, especially the acceleration of BNB, which is likely to create a phased market peak, so don't chase the high, and focus on pocketing.

DOT:

High volatility.

XRP:

It's still above the 5-day line, and it's still pretty resilient today, so hold it first.

LTC:

The upward trend is still there, continue to hold.

BSV:

This position continues to be under pressure, mainly due to the fact that there were too many locked-in stocks in December last year, and the real supplementary increase can only be started after digesting them.

ADA:

It moved up a bit today, but a new trend cannot be established yet, so let's take another look.

XMR:

Slow is fast, speed up the first day today, take it first.

ZEC:

The trend is still quite strong, mainly holding.

FIL:

The strong pressure of 180 has not yet passed, and there is a certain expectation of a fall.

DOGE:

It will take a few days to dawdle near the former high, so be patient.

UNI:

It has been independently pulled up, benefiting from the madness of various platform currencies, whether it is centralized or decentralized, it is a sector anyway.

SUSHI:

relatively weak not involved.

Other coins are basically linked to the big pie, and they are all waiting for the direction of the big pie. When there is a backbone, the main force can pull hard.

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