1. BTC brewing sideways decline
The 4-hour K-line chart shows that BTC is brewing a break down trend after the horizontal market. The price will retreat to around us $20900 in the short term, and there is a greater possibility of further decline. After the short-term closing of the brin line, BTC failed to stabilize above the medium rail of the brin line, which means that the short-term horizontal adjustment of the price is ready for further decline.
If BTC can further callback this time, it may soon hit the low of $17622. In view of the relatively sufficient turnover of BTC in the near future, once the BTC falls below USD 19000, the number of hold ups will increase rapidly, which in turn will push the BTC price to a new high.
2. Unrecognized losses rebounded sharply
From the perspective of the unrecognized loss scale of BTC, the unrecognized loss scale rebounded significantly as the BTC price retreated again. Numerically, the unconfirmed loss scale rebounded to 0.397% on August 22, very close to the previous high of 0.52. It can be seen that although the short-term decline of BTC is not large, it has trapped the currency holding investors in a very short time. The increase of the holding disk will in turn depress the rebound space of the price, so the time of low absorption needs to wait patiently.
3. The transaction volume on the chain remained stable
On August 23, BTC transferred 2.932 million BTCs on the chain, indicating that the transaction volume on the chain remains active. Since June 13, the trading volume on the BTC chain has remained stable, indicating that the turnover rate of BTC has increased during the price pullback period. Online transfer is very active, which means that the price of BTC may continue to fluctuate greatly. The transfer value on the chain is high. When investors change hands on a large number of BTCs, the number of new investors entering the market also increases correspondingly. New investors have limited profits and are relatively sensitive to price fluctuations, so they can continue to pay attention to the possibility of strong BTC earthquake.
4. Eth consolidation
The ETH price sideways runs near the off track of the brin line, and the trading volume is in a shrinking state, making the price rebound expectation weak. The ratio of RSI fell rapidly, indicating that eth fell on many trading days. According to this judgment, ETH is currently seeking the results of long and short competition around us $1600. It is expected that the price will still be mainly adjusted. Wait for a short time to digest the selling pressure, and then consider entering the market to buy the bottom.
5. Eth multi duty ratio decreases
Recently, the contract long / short ratio of eth is in a clear downward trend. It is clear that the long / short ratio on August 22 is still higher than 50, and the value is shown to be 0.505, indicating strong strength of multiple parties. Nevertheless, we have to doubt that the pace of eth adjustment is accelerating. As the long / short ratio continues to perform poorly, it is expected that the ETH price will not continue to rise strongly in the near future, and operation in shock is a high probability event.
