1、 BTC shrinkage callback
As the decline of BTC price slows down, the trading volume also shows signs of shrinking. In the 4-hour K-line chart, the transaction volume of BTC shows an obvious shrinking trend, and the price fluctuates above $20000. This indicates that BTC has a continuous two-way oscillation recently. Especially after the price oversold, although there is no sign of the end of the downward trend, the opportunity of low absorption should not be missed. At present, BTC has reached the low price in the past one and a half years, and there is a low price buying opportunity with cost advantage.
2. BTC's loss market value increased significantly
After the decline of BTC expanded, the market value of unrealized losses was significantly enlarged. At present, in terms of the proportion of losses, the nul indicator indicates that the loss area reached 50% on June 17. That is to say, after BTC operated around us $20000, the loss of investors holding currency accounted for 50% of the market value in the past one and a half years. Therefore, the BTC has also reached a more critical position of disc change.
Continuing to fall back will enlarge the loss surface, thus promoting the long low price protection and promoting the success of BTC bottoming.
3. Eth short line support is effective
Eth retreated to below USD 1106 corresponding to 78.6% of Fibonacci within a week, and began to rebound. At present, this split line is an important support line. Before breaking this split line, it was a low intake market of surface antigen. In terms of weekly trading volume, ETH achieved the highest level in one week. Considering that the K-line has not closed yet, the trading volume will continue to rise, which means that the turnover rate of eth this week will also reach the highest level in one year. This indicates that eth is entering the bottom confirmation state. The low price around us $1106 will maintain a volatile trend, which further confirms that the buying scale is large and the price is effectively supported.
4. Limited amplification of transaction volume on eth chain
Although the price of eth fell significantly, the signs of amplification of trading volume on the chain have just begun. In particular, compared with the trading volume at the end of June 2021, the current rebound in trading volume means that more chips change hands at this time. Next, the time of eth bottom confirmation will be related to the turnover efficiency of chips. Based on the current online trading volume, the bottom confirmation process of eth may be calculated in months. In terms of support, the technical bottom of US $1106 can continue to receive attention. The price below US $1106 retreated, which can be considered as a relatively bargain hunting low buying point.
5. Eth leverage ratio soars
Although the positions of eth are similar to those in the middle of 2021, the leverage ratio is higher. At present, the overall leverage level rose to 0.219 on June 17, significantly higher than 0.106 in July 2021. That is to say, the current eth leverage ratio has doubled in the past year, which is also the reason for the high expected eth price volatility. Even around $1100, we still need to pay attention to price change opportunities. The price fluctuation of eth is beneficial to the Bulls who have not yet entered the market, which will increase the opportunity to buy at a low price.
