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Market Analysis
Bitcoin:
Bitcoin's rebound yesterday was in line with expectations, but from the market point of view, it was actually quite passive. This rebound was entirely driven by Litecoin 's new high, so the space should be relatively limited. Although the risk of a sharp drop is not great in the short term, it is not easy to continue to rise. Therefore, it is still mainly oscillating around 8,000, and the oscillation range has been increased to 7,900-8,300. After this weak rebound, the market is likely to choose to go down again, and positions should not be too heavy.
ETH:
Bitcoin is slightly stronger. After some funds bottom-fished yesterday, the funds failed to keep up effectively today. Therefore, it is difficult to develop an independent trend and will continue to be mainly linked to Bitcoin.
LTC:
"Falcon" in the Marvel series bought LTC. He believes that LTC is more reliable than BTC. In addition, the computing power of Litecoin has increased by 150% recently. In addition, the output was halved in August. Many factors have led to its independent market. However, the madman still wants to remind everyone that the halving of Litecoin has been hyped for many rounds, and coupled with the continuous divergence on the way up, beware of the risk of peaking at any time.
Judging from today's trend, the trend is still relatively stable after yesterday's new high, so the market outlook will still be dominated by volatile upward movements, which is expected to drive the market to continue to rebound slightly.
XRP:
The weak market will continue to fluctuate, and there is still room for downward movement in the short term. Ripple has always been in this routine. It will not rise unless you are rubbed from head to toe. Therefore, I can only tell you that in the long run, the opportunities at this position are greater than the risks. As for whether you like this style of coin, it depends on the individual.
EOS:
It continues to fluctuate in stages. A lot of positive factors have been consumed in the early stage, so this round of rebound is very weak. If the market rises later, it will be weakly linked to it, and if the market falls, it may lead the decline.
ADA:
A slight rebound is expected to fluctuate narrowly around 0.08-0.085 in the future.
HT:
The cryptocurrency circle's method of relying on photo-editing to pull up the market reappeared yesterday. "What Li Lin said in the Huobi board group" caused HT to rise sharply by 10%. The fact that the leeks in the cryptocurrency circle have no judgment was vividly demonstrated at this moment.
Later, Li Lin refuted the rumor in his circle of friends, saying that the chat records were forged.
Leek: No, this is real, not fake.
Regardless of whether it is true or not, the market did not plummet, indicating that the selling pressure is not great, and it is worth looking forward to new highs in the future. Mainly hold.
BNB:
Yesterday, a positive line wrapped a negative line. Today, it fell slightly. In the short term, bulls still have the upper hand. Therefore, we continue to be optimistic about the market rebound led by mainstream currencies.
Small coins have been very interesting recently, with a wave of repurchases led by Gongxinbao. Gongxinbao itself is a profitable project, so what's the point of those following the trend? Are they just trying to take advantage of the popularity and push up the price? It's better to stay away from such coins, as nothing good will happen in the future. The exchange also uses profits to repurchase, which is a purchase of real money, while the project party's repurchase is nothing more than taking the money invested by everyone and exchanging it for tokens. In essence, it is a left-hand-right-hand operation, the purpose of which is to use fewer chips to leverage more funds to enter the market to complete the shipment.
These small currencies, from the mainnet launch, speculation to super nodes, and then to the subsequent resonance, mode (capital) gameplay, cross-chain, repurchase, etc., a series of gameplays are dazzling, but it is worth noting that no matter how they change, they remain essentially the same. Everyone remember two things:
Anything that can bring in capital or reduce circulation is an opportunity for speculation: models, lock-ups, buybacks, halvings, etc.
Anything that can trigger technological change has the opportunity to be hyped: for example, mainnet launch, cross-chain, consensus mechanism, etc.
Apart from this, there is nothing else to talk about. No matter what new tricks there are in the future, they cannot be separated from these two basic elements. If someone comes up with something that has both, he might be able to go to the moon.
Author: Digital Currency Trend Maniac
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