1. BTC is still in the bottoming stage
With the low volatility of BTC price in the short term, the price continued to shrink after the rebound. In the 30 minute K line chart hour, BTC showed signs of rebound after reaching the point of 16000 dollars. The recent bad news triggered a sell-off, but the signs of investors' low absorption increased, and the supporting effect on prices also increased. Therefore, it is necessary to pay attention not only to the impact of selling pressure caused by the decline of financing interest rate, but also to the buying strength of long-term investors in the market.
2. The number of positions of BTC bulls is controllable
Although BTC has a large fluctuation intensity in the near future, it has little impact on the bulls' position explosion. From the numerical point of view, the peak of 10598 BTCs' position explosion occurred on November 8. Compared with 2021, the size of this stock explosion is lower, and the single day stock explosion of 50377 BTCs on May 19, 2021 is much lower. At the same time, the scale of BTC's one-day position explosion also reached a new high in the year. This shows that the positions of contract investors have decreased, and the short-term retreat risk of BTC price is still controllable.
3. BTC financing interest rate is still low
From November 9, the financing interest rate of BTC fell back to -0.03. The recent price trend from November 9 to November 13 is relatively weak, or related to the active selling of investors. Because it is less difficult to buy BTC at a low price, but the buying has not actively raised the BTC price, making the adjustment of BTC still has no sign of ending. In the short term, BTC tends to build local support around 16000 dollars. In terms of pressure level, we can focus on the corresponding US $17246 of 78.6% in Fibonacci.
4. ETH financing interest rate also fell
The financing interest rate of ETH has dropped sharply for the second time in the year, and the peak value of financing interest rate in the early period reached -0.199 on September 15. The financing interest rate fell again, and the intraday financing interest rate remained below -0.04 for several trading days. The financing interest rate is low, and the ETH price may maintain the recent adjustment trend. There is still great uncertainty about the bottom construction. Therefore, the low absorption transaction is still the first choice, and the support can focus on the corresponding US $1106 of 78.6% in Fibonacci.
5. TWT soars
After the collapse of the cryptocurrency exchange FTX and the subsequent hacker attacks drained US $600 million of coins from its wallet, investors reconsidered how to protect their assets. The Trust Wallet Token (TWT) is the official Token of the Wallet, which allows the holder to participate in decisions related to application functions and updates. It is paid close attention to in the short term.
The 30 minute K line chart shows that the TWT has increased significantly in volume, and the trading volume has increased significantly during the price recovery, indicating that funds have driven the TWT to soar. However, high prices fluctuated. Seen from the background of TWT price rise, risk events are one of the driving factors, so it is not necessary to catch up too much in trading. After the price doubles in the short term, more attention should be paid to the
