1. Market trend: low rebound, creating trading opportunities
As the BTC price bottomed out around us $37000, the short-term price rebound reached more than 5%, and investors in more short-term transactions ushered in selling opportunities. Although BTC's rise expanded and successfully broke through the important short-term 10 day moving average, it still needs more strong performance to get rid of the price decline.
From the perspective of trading trends, investors with small amount of funds have increased their trading willingness, and the daily average target trading volume is also growing rapidly. Therefore, the price trend after the BTC change is very noteworthy.
As the rebound continued, the volume of unconfirmed transactions of BTC increased from 2.6 million at 12:00 on May 4 to a peak of 56 million on May 5, an increase of 20 times. This shows that investors quickly enter the trading state following the rebound market, and the selling pressure increases.
In the stage of BTC price rebound, the average daily transaction volume of BTC increases more rapidly. The average transaction volume of BTC reached $39 on May 5. Since September 2021, the rebound trend of BTC trading volume has become more clear, the enthusiasm of main trading has increased, and BTC is on the eve of continuous strengthening of volatility.
2. Dragon and tiger list:
The rebound of BTC led to the strength of the whole market, and most sectors continued to rise. Among the strong currencies, ZIL, waves and rune resumed their upward trend, while TRX and CRV strengthened in the short term.
Increase list:
TRX
Message side
After the decentralization of wavefield usdd is officially released, it will enter circulation. It will also enter Ethereum and BSC for circulation through bttc cross chain protocol. It is also hoped that mainstream institutions in the blockchain industry can vigorously support wavefield, Ethereum and BSC versions of usdd at the same time.
According to the message, up to 125 million TRX will be destroyed after the release of usdd.
Affected by this, TRX prices rebounded and rose with the main currencies, and the 24-hour increase expanded to 19.3%, becoming a better performing currency in the old public chain.
CRV
Curve is a decentralized flow pool exchange on Ethereum, which provides extremely efficient and stable currency trading. Curve was launched in January 2020. It enables users to trade stable currencies with low sliding points and low handling fees. Users can capture the transaction costs of their platform when providing liquidity. At the same time, they access the defi protocols Iearn and compound to provide additional benefits for liquidity providers. The automatic exchange method is also more user-friendly.
In terms of short-term price performance, CRV price rose by 16.6% in 24 hours, becoming one of the mainstream currencies with better performance. CRV lock data is stable and the price trend is tepid. It has become a good anti falling variety in the depressed market.
ZEC
Grayscale research reports that data privacy as Web3 It is no secret that a key trend in 0 has returned to the focus of attention. Zcash seeks to become the preferred digital currency model for digital information security, which is worthy of investors' attention.
In terms of price, Zec activity remained at a high level. Especially since the middle of 2021, Zec's volume price coordination has been good, and low buying opportunities have continued frequently. On May 5, the 24-hour increase of Zec expanded to 13.9%, and the rebound signal appeared again.
Decline list:
In addition to GMT, the currencies with the highest decline are stable currencies, which shows that the overall market performance is very strong. Driven by the rebound of BTC, the trading signal is pushing forward
