Funds Flock to BTC, Market Rise Defensively

特邀专栏作者

2020-10-10 02:12

This article is about 951 words, reading the full article takes about 2 minutes

Recently, BTC has led the market to rise, but other mainstream currencies have not followed up. In the short term, funds are returning to BTC for risk defense. Funds are still in an uncertain state of market rise, and the enthusiasm for long positions is

Review of last issue

The market has rebounded technically, but its strength is limited and its upside is limited. At present, the market as a whole is still under pressure and has not yet escaped the suppression of the downward channel.

The main points of the index are reflected by the standard consensus market composite index. The latest index is 1,343.75, an increase of 0.81% from last week. Recently, BTC has led the market to rise, but other mainstream currencies have not followed suit. In the short term, funds are returning to BTC for risk defense. Funds are still in an uncertain state of market rise, and the enthusiasm for long positions is weak, and risk defense is still the main focus.

According to the standard consensus market sentiment index, the latest index is 1.12, which indicates a good market sentiment. The sentiment index is fluctuating at a high level, but the trading volume is still in the stage of shrinking, indicating that the current rise is due to the tendency of the funds in the market to game themselves, and the funds are relatively scattered, there is no concentration trend, and the market hotspots are not obvious.

According to the standard consensus BTC mining income index, in the last 24 hours, the income per T computing power is $0.09, and the mining income has returned to the normal range, and the market has no obvious short-term trend.

Quantitative team analysis According to the opening of funds, the direction of opening positions of various quantitative fund products began to diverge, and the judgment of future market trends appeared alienated, and began to shift to bearish positions, and the market style may begin to change.

market trend

Trend review and analysis of BTC and ETH

According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 10.03%, which is 2.09% lower than the average daily turnover rate in the past three months, and 0.64% lower than the average daily turnover rate of last week. After gaining support, affected by the effect of capital accumulation and defense, it rose in the short term, trying to hit the $11,000 mark. However, the pressure on $11,000 is high, and the intention of funds to attack again has weakened, but there is still the possibility of another upward attack. At present, it has not yet escaped the suppression of the descending channel. After BTC breaks through $11,000, it is expected to test $12,000, and only after it has completely stabilized at $12,000 can it officially break out of the downward channel.