[Key interpretation] 94000 BTC of main coins were reduced, and DASH's reverse form was strengthened

JinsPublished on 2022-12-13Last updated on 2022-12-14

Abstract

BTC brewing price breakthrough

1. BTC horizontal plate arrangement

In BTC's daily K line chart, the price volatility is quite volatile, and the overall volatility is very low, which means that it is not big to break away from $17000. However, BTC will still choose the direction of breakthrough in view of the extension of the horizontal trading time and the increased concentration of currency holdings in the low price zone.

2. Decrease of main cash holdings

BTC's main currency holdings continue to show a divergent trend. At present, the number of addresses of the giant whales on December 12 has dropped to 2033, a decrease of 94 compared with the 2127 short-term high on October 28, equivalent to 94000 BTCs. That is to say, the number of BTC coins held has been declining, and the signs of major position reduction are clear, indicating that the market is still in a downturn.

3. DASH short line lifting

During the period of DASH short line rise, the price is still below $50. With the expansion of the increase, DASH further verified the effectiveness of the arc bottom reversal, indicating the upward trading direction of the market. Therefore, from the current point of view, holding coins is still a good choice. In particular, considering that the trend of mainstream currencies such as BTC has been stable in the near future, the horizontal adjustment has not continued to break, indicating that the performance of strong currencies has increased.

4. LTC confirmation support

During the short-term rebound of LTC, the support effect of the Bollinger Line off the track in the daily K line chart was confirmed, which further verified the possibility of upward movement. It can be judged that LTC has been in the stage of preparing for development. With the financing interest rate maintaining a positive value, LTC can continue to focus on low absorption opportunities during the period of preparing for development. Once BTC stabilized and rebounded, LTC still performed well.

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