The price of the currency may fluctuate upward

1. Market trends

The current price of Bitcoin is 4,070 yuan. Yesterday morning, we were still worried that the price would fall below 4,000 yuan. Yesterday afternoon, there was a small rise, but the amplitude was not large. Corresponding to the night before yesterday, the lowest price was around 4,010 yuan the night before yesterday, and the highest price yesterday was around 4,090 yuan. At present, it is believed that the price of the currency is still oscillating in the range and has not yet formed a big trend. The short-term oscillation range is 4,000 to 4,100 yuan, and the long-term oscillation range is 3,800 to 4,200 yuan.

For the time being, the mid-line bottom of 3800 has been successfully constructed. It is possible to try to make another bottom at 4000 yuan, forming a range bottom of 3800 to 4000. If it cannot stand above 4000, it may still return to the range of 3800 to 3900. If it goes back, it will be a very good opportunity to go long. 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 mid-line long or short conversion signal.

Short-term operation suggestions: if it falls below 4000, it is relatively bearish in the short term. If it breaks through 4100, it is relatively bullish. It is best to short-term and wait for a breakthrough. Medium-term suggestions: before falling below 3800, you can still try to buy on dips. If it falls below 3800, consider stop loss.

According to the data, the long and short indexes were bullish all day yesterday. The price started to rise around 16:00 in the afternoon, and the newcomer index still had nothing to say. The computing power of Bitcoin has exceeded 1700P. The current number of mined Bitcoins is 15.88 million, accounting for 75.6% of the total number of mined Bitcoins. From now until January 1, 2017, there are a total of 126,000 Bitcoins to be mined. Calculated at 4,000 yuan per Bitcoin, the amount of funds required is about 500 million yuan.

2. The long-short index shows the recognition of the value of Bitcoin by the OTC market

The chart shows the hourly long and short index.

3. Newcomer Index: Relative Entry Funds

The chart shows the newcomer index calculated on a daily basis.