Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-26)

The market continues to go sideways, so short-term operations are not recommended
1. Market trend <br/>The current price of Bitcoin is 3990 yuan, oscillating slightly around 4000. Last night, it dropped from around 4020 to the support position of 3980. The daily K-line has already received the dead cross position, and the market has replaced the downward trend with sideways trading, and the wait-and-see sentiment is relatively strong. The weekly K-line is a bit like a large double top. If it drops below 3800, the market will be bearish as a whole. The best situation is to trade sideways above 3900, waiting for more funds to enter the market to take over the mining selling pressure.
Last week, there was a bad news that some domestic bitcoin trading apps were suspended due to Apple's China policy, but after this bad news came out, it was not reflected in the price. The market seems to be immune to the news, and both good and bad news are ineffective. From other aspects, the current bitcoin market is in a wait-and-see mood. It is sideways with small fluctuations, and it is not worth operating in the short term. Wait for the general direction to come out.
From the data, the long and short indexes were relatively bearish on both days of the weekend. The newcomer index fell back normally, and more data remains to be observed.
2. The long-short index shows the off-market recognition of the value of Bitcoin <br/>The chart shows the hourly long-short index.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.