BTC trend rebound needs a lot of external funds to promote
In recent ten days, many financial assets around the world have been affected by the second rebound of the winter epidemic in Europe and the United States, and various funds have left the market or hedged with third-party financial instruments. Bitcoin was stimulated by the external decline and the booming market of defi. Bitcoin happily took a roller coaster ride. The positions in futures market and options market were the most injured in this round. The popularity of defi in the last two months has attracted a large number of big bitcoin and Ethereum investors to lock their positions for mining. In order to ensure the stability of usdt principal, these funds have arranged a large number of short hedging positions in the futures market and earned a wave of gift packages from defi. Bitcoin and Ethereum perpetual contracts not only continued to have negative premium, but the long short ratio of the futures market once fell to 0.6.
In the last few days of this month, the market still delivered several good news: the first is that the US $2.4 trillion stimulus package vote next week may bring a wave of US stocks and gold rebound, which indirectly favors the short-term rebound of bitcoin; the second is that the gray-scale fund has recently increased its position and has laid out 450000 bitcoins, which is good for the long-term trend In particular, the impact on the next round of bull market. Today, defi plate continued to rebound strongly, the market did not appear more active capital flow and turnover.
BTC: bitcoin rebounded in the daily line and fluctuated in the hour line along with the up and down needle market. This afternoon, a burst of short market of $10850, which was immediately inserted into the market. At present, the trend of bitcoin is that it is back to the range of $9000-10000. The currency price is stable and slightly pulled up and rebounded. The market trading sentiment and trading volume data are in a bear market. Bitcoin is currently focused on the top position of US $11100. It should be cautious to do multi mountain currency and mainstream currency without breaking through, so as to avoid being caught by the counterfeit currency market (stabilizing bitcoin to cover the shipment of Shanzhai currency). Bitcoin focuses on the effective support level of US $10500 in the last few days of this month and the first support position of the market on Wednesday.
Eth: Ethereum linked with bitcoin, and the futures position remained at a low level, and the trend was a little mild. Now the market is stable, and the daily line pressure level of $360 is linked with the resistance level of bitcoin's $11000 integer level. Today, bears have begun to try to short Ethereum at this position. The stability strategy can adjust the bullish range to 365-372 US dollars, short Head burst and main shipment can need antenna market cooperation, the current $350 range is only suitable for light position layout, short game short-term callback market.
EOS: EOS continues to maintain weak volatility, and there is no change in the futures market. EOS can wait for bitcoin to go through this period of fluctuation before considering ambush. This year is the darkest moment of EOS. After all, it is selected as the worst performance public chain project. Short term bottom reading still needs to wait. Now, the bottom position needs to be controlled at level 2.
BCH, BSV: linked with the market, the rebound trend is suppressed by the daily line of China rail. In the short term, we need to see the trend of bitcoin, and the risk of callback is high, so we should continue to pay attention to the integer level.
Platform currency: the decline of bitcoin has only a little impact on the platform currency. The exchange attracts a lot of flow and capital by virtue of this wave of defi fever. There is a large amount of buying fund under the platform currency. The short-term trend is mainly based on the linkage repair index of daily line and weekly interval fluctuation, so it is not advisable to blindly look at too much.
TRX: linked market, stimulated by zero proof technology, the rebound range of currency price is basically the same as that of the strong disk of defi such as link. In the short term, it still looks at the oversold rebound market. The market needs to be warmed up, and the technical indicators need to be repaired. In the short term, it mainly relies on the wait-and-see fund.
Link: the daily line rebounds violently, and three strong rebounds are positive. At present, the daily trend of mainstream currencies shows that link has gone through the oversold rebound signs. There is a greater risk of oversold rebound in the game above $10. The next callback target position is $6.
Uni: due to the influence of US policy, it is afraid to be subject to economic investigation. It will have a negative effect on uni in the short and medium term. We can consider uni after the market has gone through this wave.
When there is no bitcoin boom in the market, it is the best policy for all funds to be based on bitcoin. The currency with the smallest decline and the safest rise is the only currency in the currency circle
