6.27 Cryptocurrency Market Research Institute Mainstream Currency Market Analysis

In recent days, BTC's independent market has intensified. BTC has been unstoppable and has broken through the pressure level of $12,000 in one fell swoop. The price has exceeded the price in mid-January 2018.

However, other tokens have not followed the pace of BTC. Recently, there are more and more signs that retail investors have not entered the market on a large scale. So, it turns out that this wave of rise is just a carnival for a few people in the end?

CCN.com’s survey data from the past two days showed that BTC’s retail interest index rating was 12, down 88% from the 100 rating reached in 2017, which means that retail investors still have not really entered the market.

In this case, many people are worried about whether the rising trend of BTC can continue. However, if you look at the growth of various tokens since the end of 2018, you will find that the reason why many tokens have not risen in tandem with BTC recently is mainly because they have achieved a large increase in the early stage, and it is difficult to achieve anything before BTC confirms further breakthroughs.

At present, the trend linkage between ETH and BTC is the most obvious, whether from the chart or the increase from the end of last year to now. However, EOS, BCH, LTC, etc. have achieved a much higher increase than BTC.

BTC

Last night, BTC encountered a large-scale short-selling resistance when it quickly rose to $14,000, leaving a long upper shadow at the close. We have seen that the Fed Chairman recently stated that there may not be a rate cut in July, and then gold fell and BTC fluctuated sharply, but the target is still above $12,800. The trading volume of the K-line yesterday was very large. As the saying goes, high volume means high price. The expectation of rate cut is still there, and it is expected to be cut once in the third and fourth quarters.

The fluctuation of more than 2,000 points is the biggest bull-bear double explosion in a whole year. Recently, the chairman of the Federal Reserve stated that there would not necessarily be a rate cut in July. Then gold fell and BTC fluctuated sharply. However, the target is still above $12,800. The lowest price is close to the 5-day moving average. The sharp correction also disrupted the overall rising rhythm. The trend will also maintain a fluctuating trend. As of now, the 24-hour capital inflow has reached 740 million US dollars, and the trading volume has exceeded 100 billion. It also reflects the fierce battle between bulls and bears from yesterday to now. Therefore, today's trend will form a wide range of fluctuations. The upward momentum of bulls will slow down. After the adjustment, there will be at least one more process to set a new high. A bull-bear double explosion market, if grasped well, both long and short orders can be turned over. It depends on whether you follow the right person and listen to the advice. Today's short-term operation mainly focuses on two positions, the upper pressure level of 14,000 and the lower support level of 12,000.

ETH

The price rose in tandem, similar to the trend of BTC, breaking through the previous pressure level of 320USDT and setting a new high. The support level is 320USDT and the pressure level is 345USDT.

EOS

From the indicators, MACD double lines are entangled near the 0 axis, KDJ three lines are dead cross near the upper track, and the volume continues to shrink. In the short term, it should be in a shock adjustment cycle, and the subsequent market adjustment can be expected. The operation suggestion is mainly high-altitude and low-multiple. Support level: $6.5, resistance level: $7.5

LTC

The 30-minute trend of Litecoin fell below the rising trend line, and the lowest closing price was near the Fibonacci 61.8% support. This position can also be considered as a box-shaped oscillation. It oscillates around the 127-142 range. The first support level below is 127.61 (Fibonacci 61.8%), the second support is 122, and the upper pressure is near the previous high of 145. The idea of ​​buying on dips remains unchanged. Try to buy with a light position in the 125-128 range, but the market fluctuates greatly when opening a position, you must set a stop-profit and stop-loss.

This article only represents personal opinions. There are risks in the cryptocurrency market and you should invest with caution!