1. BTC rebounds to a short-term high
The daily K line chart of BTC shows that BTC's cumulative price increase in recent years is relatively high and has reached a short-term high. With the adjustment, BTC is seeking support of 20000 dollars. At present, the trading volume in the daily K line chart is stable, and the BTC price still has the basis for a strong rebound.
Since July, the daily trading volume of BTC has remained at a high level. At present, there is no significant sign of decline in the trading volume. Considering that the rebound space of BTC is not high in the near future, and the linkage with US stocks is not significant, we can focus on the possibility of further inflation in the next week.
2. A large number of short positions of BTC
When BTC remained strong, in terms of the absolute value of short positions, 16,143 BTCs and 15,983 BTC broke positions on October 25 and 26, respectively, with the value of USD 20,000 reaching USD 320 million and USD 319 million. On this basis, BTC's position explosion on October 29 reached the level of 4972 BTCs. That is to say, BTC short positions have appeared on a large scale for three trading days recently, so the pull on the market may continue. Considering the relatively limited decline during the BTC rollback,
3. ETH transaction volume shrinks
The 4-hour K line chart showed signs of weakness after the continuous rebound of ETH prices, and the trading volume began to gradually shrink. However, the trading volume has not been significantly lower than the isoline, which means that ETH prices will continue the pattern of strong consolidation. At present, we can focus on the low absorption opportunities in the price range of $1500 to $1600.
4. ETH short position burst remains high
Recently, the ETH short position explosion continued to maintain a terrorist high, and a large number of short position explosion signals continued for three consecutive trading days, namely, October 25, October 26 and October 29. The number of short positions reached 189639 ETHs, 161986 ETHs and 174009 ETHs, and the value reached 260 million, 240 million and 270 million dollars. That is to say, the ETH price is in an area where there are a large number of short positions, so the possibility of short-term stabilization is high.
5. Stock growth of CHZ exchange
CHZ's price performance was strong. With the short-term rise of more than 20%, the change of CHZ's selling pressure also deserves investors' attention. At present, the stock of CHZ in the exchange has reached a high level in recent years. In terms of absolute value, CHZ has climbed to the peak of 2.69 billion on October 31. In the near future, the selling pressure has grown rapidly, so we can focus on the opportunities of low absorption near US $0.2 and reduce the operation of chasing up.
