1. BTC is expected to accelerate recovery
The daily K line chart shows that after the BTC price has been slightly adjusted, the rebound trend is about to start again. As the trading volume continues to operate at a high level, the support change of BTC price at $20000 is extremely effective. In terms of pressure level, $22500 and $25000 are the breakthrough points that BTC needs to confirm.
2. BTC pressure drop
BTC maintains a strong foundation, which is due to the corresponding reduction of selling pressure and the continuous growth of bulls' strength. Judging from the signs of reduced selling pressure, the mixed currency and sales of Plustoken accounts have increased significantly in recent years, which has greatly reduced the number of stolen BTCs. From 124649 BTCs to 63434 BTCs, the number of BTCs decreased by more than 50000. Therefore, after the corresponding BTC trade sell-off decreased, the BTC price bottomed out and recovered. It is noteworthy that recently, the number of BTCs used for trading in Plustoken accounts has decreased significantly, and the stock BTCs have dropped to a historical low. The pressure to raise prices has decreased, and the expectation of price increases has been concerned.
3. ETH ready for lifting
The daily K line chart shows that the ETH price is in the position of secondary recovery, and the price may rise at any time. At present, there is limited room for ETH to retreat in the short term. The price has retreated by 4% in only two trading days, and it has begun to show signs of stopping falling. Judging from the current operating range of ETH, the important pressure level for short-term rise is USD 1910. The 61.8% of Fibonacci's corresponding US $1910 sell-off has been reflected in the start of ETH pullback on August 13. Therefore, wait until the ETH price increases by more than 20% before focusing on important selling changes.
4. Confirmation of RARI's main position reduction trend
With RARI soaring to 70% at a low level and up to 100% within the maximum 2 days, RARI has ranked first in terms of growth. At the same time, it is noted that there is more room for the trading volume of RARI to be amplified, and it is also a second pulse of volume expansion. It does not rule out that the trading volume is insufficient after the short-term surge of RARI. In fact, the K Line has raised the signal of selling off growth in 30 minutes, focusing on the performance of price correction.
5. RARI's main position reduction
In terms of the number of coins held, RARI's top 10 main players have a clear trend of reducing their positions. From 77.49% on October 3 to 72.19% on November 1, the decline reached 5.3 percentage points. Therefore, the basic judgment on the price rise of RARI may first focus on the change of selling pressure, and then on the opportunity of low absorption.
