1. BTC returns to support position
The BTC price is in the 30 minute K line. After the price falls back, the trading volume starts to shrink. At present, the trading volume has been at a very low level. This shows that BTC will further confirm the support effect near the corresponding US $17246 of 78.6% in Fibonacci. Once the support is confirmed to be effective, the BTC price will remain strong. There is little room for the short-term fall of BTC price. It is expected that the negative interest rate increase of the Federal Reserve will still affect the BTC price for a long time, and the short-term impact on the market will be gradually digested.
2. The proportion of major selling is relatively low
The long short ratio of BTC contract fell slightly, and the indicator had reached 0.894 on December 15, which was the lowest in recent years. On August 9, BTC's multiple air ratio was also close to 0.894. This shows that short-term bearish sentiment of investors has recovered. The article that the long short ratio rebounded slightly to above 0 on December 16 indicates that the recent shock of BTC is still continuing.
3. ETH short line rollback
The daily K line chart of ETH shows that with the adjustment, the recent price fluctuation space has not continued to increase, but only fluctuates in small areas. In terms of trading volume, ETH's short-term trading volume rebounded slightly and then retreated, consistent with the price rebound. At present, the middle rail of Bolin Line has supported the ETH price. The Bollinger Line is in the closing stage, and ETH still maintains a relatively strong operation state.
4. EOS impact height fall back
The EOS short line rose and fell back, and the price was below USD 0.962 corresponding to the middle track of the Bollinger line. At present, EOS has little selling pressure during the withdrawal period, and the volume and price performance in recent three months has been relatively stable. Therefore, at present, it is still a low absorption opportunity for downsizing operation. Affected by the poor performance of the overall market, although the relative price of EOS is low, there is still no strong rebound trend. In the early July/August, the price rebound intensity reached 100%, indicating that the price elasticity was good.
