BTC may fluctuate significantly soon, and the ETH contract position will run at a high level

in btc •  2 years ago 
  1. BTC horizontal plate operation

At the weekly K-line level, BTC has accumulated a lot of chips in the price range of 20000 to 24000 US dollars, and a lot of investors have completed the trading process. Therefore, it is difficult for BTC to leave this price region in a short time recently. Despite this, BTC still does not send the most direct disk change signal.

Judging from the price operation position, BTC is currently at the low end of the range, which means that it is closer to falling below the cost price of all short-term traders. Therefore, any major short-term selling behavior may push prices back quickly. At the transaction level, appropriate attention can be paid to

  1. BTC's main players frequently make profits and flee

Judging from the trading trends of long-term investors, the recent trading trends of investors who have held currency for a long time are very significant. Among the SOPR indicators that frequently reach high levels, the peak value lasts for more than 4 times. Judging from this, the profit margin of the main force in recent transactions can be as high as 20%, 62%, 53%, 39% and 118%. In other words, long-term investors can hold as little as $10000. After the confidence of long-term investors in BTC loosened, they were obviously short of the recent trend of the price.

  1. BTC multi space ratio downlink

With the continuous fluctuation and fall of the long short ratio of the contract, the index has been falling for 9 consecutive trading days, which means that the strength of the Bulls has decreased significantly, and the bears have dominated the recent decline trend of BTC. This shows that with the continuous extension of BTC's sideways consolidation time, the market trend is favorable for short sellers, and the expected breakthrough direction is also downward. On the news side, the time point for the Federal Reserve to raise interest rates again is getting closer. BTC may have price changes in the near future to coordinate with the news of interest rate increase. Therefore, the risk of holding currency also increases correspondingly.

  1. Eth shows signs of breakthrough

The recent sideways adjustment of eth price shows signs of ending. In the process of small price rebound for three consecutive trading days, it has reached the upper part of the middle rail of the brin line. Therefore, at present, ETH has shown signs of shrinking and rising, but the trading intensity is not strong, and short-term price shocks may be repeated. Different from the large-scale operation characteristics of BTC, the recent reduction trend of eth has lasted for more than 2 months. During the closing period of eth brin line, the price volatility recovered slightly. Next, we can pay more attention to the impact of Ethereum merger on the price.

  1. High position of eth contract

The ETH contract position is obviously at a high level, which is different from the performance of spot trading, indicating that more investors have not significantly reduced their enthusiasm for eth trading. Reviewing the performance of eth contract position data in the past year, the contract position on September 6 was US $5.79 billion, which was near the average value. The contract position data has a large rebound space in the past two months. The short-term long and short strength is inclined to many sides, and attention is paid to the market fluctuation expectations.

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