Market interpretation

ETH continued to break through $1,500, setting a record high. From the perspective of mortgage assets, Ethereum 2.0 is now the third largest mortgage network.

There are currently more than 2.9 million ETH locked up, and the total mortgage capital in Ethereum 2.0 exceeds US$4.5 billion. Rising ETH prices pushed the Ethereum 2.0 contract to surpass Avalanche's $3.4 billion collateralized assets.

Polkadot is currently the largest locked-up crypto asset, with 60% of its supply locked in 10.8 billion U.S. dollars, followed by Cardano, with 71% of its supply of mortgages close to 9.5 billion U.S. dollars.
Since the launch of the beacon chain in early December last year, the deposit of Ethereum 2.0 has been growing steadily. In January, about 1 million ETH were locked, and the total number of Ethereum 2.0 validators increased from 49,200 to 76,200, an increase of 55%.

Since the beginning of the year, ETH/BTC has risen by 70%. Currently ETH/BTC is less than 5% from its January 25 high of 0.045 BTC, and 0.045 BTC is also the highest level of ETH/BTC since August 2018.

BTC

Bitcoin's rebound today is quite good. After the market fell below the 4-hour 90-period average buy line and the 200 line in the past few days, there can be such a big rebound, which shows the subsequent market. Everyone is still more optimistic. However, the transaction volume in this process is not particularly large, which requires our attention.

At present, the highest point of the market still does not exceed the second highest point, which is 37875, so we should treat it with caution before the market does not exceed the second highest, and if the follow-up market can stand firm If it is high, then we can try to buy into the market, and again we will believe that Bitcoin is going upward, so it is best to wait and see.

The current premium is 1641. Compared with yesterday's 1251, there is a significant increase. The premium is 4.2% (calculated by dividing the OK futures premium by the spot). Based on the current ratio, there are more people Join the ranks of long-term optimistic about Bitcoin, and look forward to good development in the follow-up market. It is not recommended to go hunting down the bottom, you should wait until the market has a firm foothold and try again. The lower support area is 28800 and the upper resistance area is 37875.

ETH

Ether broke out again today, and finally surpassed the previous high, reaching the highest position of 1570. When the market surpassed and approached the previous high, we can clearly feel that the trading volume has changed a lot, and it has become more. Breaking through the previous high K line, you can see a lot of trading volume, which verifies what we said before, if you want to break through the previous high, you must increase the volume to stabilize. At this time, the market has steadily surpassed the previous high. Then we can safely set the support level at the previous high, which is 1475. The current recommendation is to buy and hold small partners based on the previous recommendations. You can continue to hold, and the small partners who have not yet entered the market suggest that the position of 1475 is the lower support level, and an attempt to pull back is to buy. The lower support area is 1475, and the upper no resistance area.

BCH

The trend of BCH is still very standard. We can see that this time BCH has rebounded after it fell to the low point of 369.4. Although the magnitude of the rebound is relatively large, the highest point is averaged by the 4-hour level 200 cycles. The line suppression, including today's suppression, has suppressed the rise of BCH for three consecutive times. The current 90 line has crossed the 200 line from top to bottom, so BCH is currently in a downward trend and it is not recommended to pay attention. If the subsequent market improves, then the market will at least need the real hammer to exceed the second highest, that is, after the position of 465, we will consider entering the BCH market, and it is not recommended to enter the market before that. The lower support area is 369.4 and the upper resistance area is 465.

DOT

The volatility of Polkadot is gradually shrinking. Although there is a rebound on the whole, we can see that the volatility in this process is relatively small, and the upper and lower shadows of the K line are also relatively long. The turnover rate is quite high.

The current market has actually stood on the 4-hour level 90-period average buying line, but because Polkadot has already fallen below the 90-line in the past two days, we cannot use the 90-line as the support level as the criterion. The lower edge of Polkadot's long-term shock range should be used as the standard, that is, 14.71 is the lower support level. In principle, it is not recommended for small partners to try to buy Polkadot, because it is a high and sideways currency, and generally can only wait until the market is real After the hammer reaches the top high, buy it again. If there is a small partner who wants to enter the market, it should be strictly enforced with 14.7 as the lower support level. The lower support area is 14.71 and the upper no resistance area.