1. BTC impulse height fall back
The short-term rebound strength of BTC is small. After the trend of rising and falling, the price is still relatively weak. In the daily K line chart, BTC rose and fell at $16812, and the price retreat means the arrival of adjustment. At present, there is no indication that BTC has got rid of the downward trend. Especially after the price was significantly withdrawn on November 8 and 9, the recent price rebounded slightly, perhaps only a short-term pullback, and the downward trend may still accelerate.
2. BTC large transaction volume falls back
At present, the large trading volume on the BTC chain has been running at a low level and has lasted for several trading days. Since November 12, the number of large transactions on the BTC chain has been less than 158. This shows that the number of transactions on the capital chain has dropped from around 400 to less than 158. In terms of quantity, the daily number of BTCs decreased from 200000 to 79000, and the daily number of high-value transactions decreased by 121000. According to this judgment, the BTC price trend in the near future may still move forward in the downturn, and the price is more likely to fall in the shock.
3. ETH trend is low
With the ETH price rebounding slightly and then retreating, there is no sign that the price may recover strongly. Therefore, pay attention to the change of selling pressure in the depressed market. At present, the support of $1106 corresponding to 78.6% of Fibonacci is still effective. At present, we need to pay attention to the strength of ETH price correction. This price correction should not be too strong. Once it easily falls below $1106, it will still fall sharply. The ETH price in the market has been adjusted with caution.
4. LTC has been above the previous high level
From the daily K line chart, LTC not only strengthened in the short term, but also broke through the previous May price platform high corresponding to $73.2 at the closing point. Therefore, LTC's recent price rise trend is relatively successful, and its judgment on the trend can be more optimistic. However, short-term BTC, ETH and other mainstream currencies did not perform well. Therefore, further rise of LTC may require stronger overall market to cooperate. Trading volume shows that LTC still maintains a high trading volume, which is favorable for price rise.
5. LTC low rebound is expected to be better
From the perspective of LTC's long-term volume and price performance, the lower the price, the more obvious the signs of shrinking trading volume. This shows that LTC is still in the high volume stage during the downturn. Therefore, the judgment on the growth potential is still large. Early in 2021, the trading volume was high, and more investors' cost prices were above $150. Therefore, the attraction of LTC is still high.
