1、 BTC retreats to 10 day moving average
BTC has limited short-term rebound space. The price maintains a weak shock performance, and the shock intensity continues to decline. It is obviously poised to take off. In terms of trading volume, the current overall trading volume is higher than that in April, indicating that under the relatively high turnover rate, investors' trading remains high in the short term. At the same time, the overall trading volume trend has not changed significantly, and the long-term shrinkage trend has not yet shown a reversal signal.
In terms of support, Fibonacci's 61.8% corresponding support of USD 28307 remains unchanged, and the fixed investment and low absorption strategy can support the long-term trading process of investors.
2. The number of BTC giant whale addresses rises
During the short-term fluctuation of BTC prices, the number of Jujing addresses rose slightly. On June 8, the number of Jujing addresses with more than 1000 BTCs reached 2224, an increase of 25 compared with 2199 on May 25. In other words, as many as 25000 BTCs are concentrated in the main accounts. Generally speaking, the increase in the concentration of main cash holdings indicates that the market is brewing a rebound, and the long-term fund-raising market has a positive trend.
3. Low number of eth active addresses
The number of newly added eth addresses per day remains low, and the downward trend is still relatively clear. The number of new addresses on June 8 was 69814, continuing the shrinking trend since October 28, 2021. The decrease in the number of new addresses means that the low price of eth is likely to continue. Reviewing the typical duration of the bottom of eth, it is a stage in which the number of new addresses increases significantly. For example, in december2018 and March 2020, the number of new eth addresses maintained a high level, during which the ETH price began to rebound from the bottom, rising rapidly from the bottom of $120.
At present, although the ETH price is lower than US $2000 and the number of new addresses is higher than the historical low of 50000, we can continue to wait for the indicator to give a reversal signal.
4. The price of eth fluctuated sideways
The short-term performance of eth price is very low. The price not only runs below $2131 corresponding to the 720 daily average, but also is lower than the pressure level of $1910 corresponding to 61.8% of Fibonacci. Therefore, there are still many opportunities for upward and downward market performance. However, the ETH price did not fall further. Next, the short-term rebound space is still the key to the honeycomb. Only after confirming the short-term strength and pulling it up to more than $2000, can there be a range rebound of more than $2500.
5. Sol at recent low level
With the continuous sideways consolidation of sol in the low price area in the near future, the trading volume in the same period kept running near the constant volume line, which means that sol has the basis for changing the price when the trading is stable. In terms of market conditions, we can pay attention to the breakthrough effect of prices on the 10 day moving average. Because the volatility has dropped to 6%, the corresponding price fluctuation opportunities will also expand.
