[Key interpretation] BTC selling pressure was released significantly, and the number of eth active addresses reached a peak

Huobi ResearchОпубликовано 2022-07-18Обновлено 2022-07-20

Введение

BTC and eth data have changed significantly, and important trading signals have emerged.

1、 BTC interval increase space confirmation

BTC's daily K-line chart is hourly. The target increase during this price rebound is large, which is a very important rebound performance of BTC after reaching $17622.

Considering the high daily K-line trading volume of BTC, which has been fully amplified in the past two weeks, BTC is experiencing an upward performance in the active trading stage. Judging from the target increase period, the relatively important 61.8% Fibonacci corresponds to a significant pressure of $28308, and the pressure level of the expected range increase is also near this point.

2. Profitable supply quantity of BTC

Among all BTCs supplied, as many as 11.08 million BTCs are in a profit-making state, with little change compared with the profit of BTCs in 2020. This shows that after full adjustment, in terms of absolute quantity, the profit-making BTC accounts for 55% of the total supply of 19.09 million BTC so far. Judging from this point of view, BTC adjustment has been very sufficient. At the point, BTC is currently around us $22000. Compared with the same interest rate, the price of BTC in 2020 is US $7300. At present, the BTC holding cost of investors has increased by nearly 200%. Therefore, unless the market performance is relatively strong, and there are enough incremental funds into the market, investors can patiently wait for low absorption opportunities.

3. Quick release of main pressure

Due to the rapid release of short-term selling pressure, BTC rose by more than 8% in the rebound stage. On July 17, the main selling pressure of BTC in the exchange reached 0.768, the highest value in two years. Therefore, after the short-term proportion of the main selling pressure reached its peak, the selling pressure released quickly, and BTC ushered in a strong rebound trend. From the perspective of volume price coordination, there is a great possibility of a successful breakthrough at present. During the period, we can pay attention to the price performance below $28308, and the short-term rebound space may reach 30%.

4. Eth strong pull up

After eth confirmed three bottom rebounds at $1106, the short-term rise rate of eth is faster, and the current rise is at a high of $1910. As part of the range fluctuation, the pressure level of $1910 corresponding to 61.8% of Fibonacci is significantly higher, but compared with BTC, ETH has better volatility. Therefore, after the full accumulation of trading volume in the K-line, the increase of eth is easy to achieve at present. It is particularly noteworthy that when the number of contract addresses of eth has a large rebound space and the incremental capital is small, it may still have a better market performance.

5. The number of eth active addresses rebounded

The number of active addresses in eth has a high rebound space. On July 17, the number of active addresses significantly rebounded to a high of 805000, which is only the peak on December 5, 2021. Judging from this, ETH is experiencing a typical stock market of honeycomb. The characteristic of this market is that when the low-level turnover of eth on the exchange is sufficient, the trading enthusiasm of on-site investors has rebounded significantly, making eth usher in a strong rebound expectation for the first time.

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