Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-13)

4000 points of attack and defense
1. Market trend <br/>The current price of Bitcoin is 4030 yuan.
Yesterday, the market was quiet, and the price of the currency fluctuated by only a few dozen yuan throughout the day. It once dropped to around 4,000 yuan, but was immediately pulled back to 4,030 yuan. The recent market price fluctuations are sudden, and the fluctuations start and end in only 20 to 30 minutes. The risk of short-term operations is relatively high, which is not much different from buying large and small. Most of the time, it is spent in sideways trading.
After breaking through 3,000 in early June, the price of the currency rose directly to more than 5,000, and now it has returned to the 50% retracement position, which is also the middle track position of the weekly K-line Bollinger Band. Although everyone keeps mentioning "Golden September and Silver October", this position should still be regarded as the dividing line between long and short positions in the mid-line. If a solid big positive line or a solid big negative line appears on the daily K-line near this price, it is a clear signal for the mid-line long or short conversion. If it continues to go sideways, then holding the currency in the mid-line can be regarded as a prudent approach, and the support of the 3,800 line is still not easy to break.
From the data point of view, yesterday's data is relatively bearish, and the wait-and-see sentiment of the market is directly reflected in the fluctuation of the currency price. The number of new entrants yesterday was the highest in recent times, and whether it can continue remains to be seen.
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.