4.Market at noon on 15: Can the trend continue after the shock

The article is contributed by the blockchain analysis of Niu Qi, the columnist of Jinse Finance and Economics. The remarks only represent his personal views and are only for learning and communication! Golden Disk will not actively provide any transaction guidance, nor will it charge any fees to guide transactions. Readers are requested to carefully screen and beware of being fooled. the

More than 2 million BTCs were traded at USD 36,200-41,200, accounting for 12.41% of the total supply: Jinse Finance reported that according to the latest analysis data from Glassnode, 2.351 million BTCs (accounting for 12.41% of the supply) were last traded at Between $36,200 and $41,200 Even if these bitcoins were resold at lower realized values, the market remained top-heavy, with more than 25% of the circulating supply ending up trading at higher prices. Throughout 2021 and 2022, the $30,000 to $40,000 price range has proven to be a solid support level for a Bitcoin bull market. In 2021, this range has been defended after the 50%+ decline in May-July, provided support in the September correction, and again in January-February this year. [2022/2/13 9:49:09]

According to data from OKEx, the current BTC/USDT spot price is $63,000, a 24-hour drop of 1.5%.

ETH breaks through the $610 mark with an intraday increase of 4.13%: Huobi Global data shows that ETH has risen in the short term, breaking through the $610 mark, and is now at $610.08, with an intraday increase of 4.13%. The market fluctuates greatly, please do a good job in risk control. [2020/12/16 15:26:11]

After breaking through the previous high, Bitcoin completed a step back and is currently oscillating around $63,000. It can be observed from the handicap that in the process of this wave of backstepping, the big sell order played a leading role and did not withdraw in a large way in the middle. It can also be confirmed from the side of the OBV, indicating that the goal of promoting funds has not been reached, and there is a high probability that it will continue Upward, but it was observed in the handicap that there are a lot of retail investors chasing up the bottom after stepping back. This can be regarded as a stabilizing factor, which needs shocks to digest. This week is a very critical time. If Bitcoin, after breaking through the previous high, can stabilize its footsteps and stand at 60,000 US dollars this week, there is still a lot of space above it, just hold the currency and wait for it to rise.

The current price of LTC is reported at $216.94, an increase of 4.14%: According to data from Huobi Pro, the current price of LTC is reported at $216.94, an increase of 4.14%. [2018/2/22]

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Author: Niu Qi's Blockchain Analysis Notes

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Bitcoin Exchange