1. BTC concussion drops
After the resistance level of BTC peaked and retreated, the price was falling in the 4-hour chart. Although the cumulative decline is not large, it has fallen back in the platform break. The current situation is not conducive to price stability, and the market is slowly brewing a pullback performance. In terms of trading volume, the trading volume in the BTC4 hourly K chart is stable, and the strength of bulls is obviously not strong, indicating that the price retreat may continue.
2. Escape of long-term investors
The long-term investors of BTC showed signs of selling again. The SOPR index of long-term investors rebounded on December 7, reaching a value around 0.717, showing a relatively strong performance. This shows that although long-term investors are losing money, they are fleeing at a small loss, indicating that BTC's short-term selling pressure is further increasing. Considering that BTC's performance on December 7 was that the price closed down 1.48%, investors showed signs of being eager to make loss shipments.
3. ETH price is still under pressure
The ETH price is still under pressure and has not rebounded in the adjustment trend, so the price has not yet bottomed out. At the transaction level, the very typical bottom feature of ETH is still likely to be confirmed near the US $1106 corresponding to 78.6% of Fibonacci. However, the price volatility near this point may not end in the short term.
4. The long short ratio of ETH contract hovers at a low level
Judging from the trading trend of contract investors, short sellers have more energy to bet on price decline in the current long short power comparison. The value of long short ratio remains low. At present, the long short ratio on December 8 is 0.980, which has been lower than 1 for four consecutive trading days. The value of long short ratio is lower than 1, which means that the strength of short sellers continues to occupy an advantage, and the market is developing in a direction conducive to price pullback.
5. EOS financing interest rate remains positive
The EOS financing interest rate remained in a positive range, synchronized with the recent price sideways movement. In the daily K line chart, the EOS price showed a sideways consolidation. The short-term rebound space was not high, and the signs of small rebound continued. In terms of financing interest rate, the recent financing interest rate from November 13 has remained positive, which means that investors actively enter the market and form support for EOS. If the trading volume can be amplified, the increase of EOS will expand in the short term.
