BTC spot technical analysis
Yesterday, the price of BTC showed a short-term volatile trend, and the current price is about 60,349 yuan. The candlestick chart shows that the recent sideways consolidation shows that market sentiment is still digesting the previous upward momentum, and it is expected to continue to fluctuate between 60,000 yuan and 61,000 yuan. The MACD indicator shows that the selling pressure has slightly increased, and there may be a risk of further correction. It is necessary to pay attention to the key support level of 60,000 yuan. If it falls below, it may fall further. On the contrary, if it can stabilize, it is expected to usher in a new round of rise.
Important market information
QCP Capital analysis: BTC has a better liquidity situation than ETH, mainly because BTC is gradually integrated into the mainstream macro capital market, while ETH tends to be marginalized. BTC has attracted a large amount of long-term capital inflows due to its "digital gold" narrative, which means that investors are optimistic about its future trend. QCP Capital believes that this week's BTC trend is mainly due to the liquidation of leverage, laying the foundation for the fourth quarter's record high.
ZhuSu Comment: The current crypto market sentiment is similar to that of 2019, with a high BTC dominance and a more positive view of the actual adoption of blockchain in the market. Compared with 2019, people no longer question the value of blockchain at this stage, but instead pay more attention to its practical applications. Although ETH's performance is weaker than BTC, this phenomenon may not last long. In the future, as market sentiment changes, ETH may regain the attention of funds.
Positive market interpretation: Recent capital flow data show that mainstream funds have begun to shift from high-risk assets to more stable crypto assets such as BTC. This trend shows that market confidence is gradually recovering and investors are more positive about holding BTC for the long term. At the same time, as the uncertainty of the global macroeconomic situation increases, the attractiveness of BTC as a safe-haven asset continues to rise, which is beneficial to the overall crypto market.
Currency growth analysis and contract forecast
BETA (0.05023): The recent price remains around 0.050 yuan. There is a possibility of small fluctuations in the short term. It is recommended to pay attention to the support level of 0.048 yuan below and the pressure level of 0.053 yuan above.
QKC (0.011750): QKC is relatively stable, and its current trend is mainly affected by the overall market sentiment. Investors are advised to pay attention to the support level of 0.0115 yuan and the resistance level of 0.012 yuan.
ZEC (41.31): The recent price fluctuation of ZEC is relatively small. It is necessary to pay attention to the support level of 41 yuan and the pressure level of 42 yuan. If the market fluctuates, the price of ZEC may adjust accordingly.
Contract strategy: It is recommended to focus on short-term operations, especially in the current situation where market sentiment is more complicated, and be cautious in increasing holdings or shorting. At the same time, pay attention to the flow of funds in the market to cope with potential fluctuations.
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