1. BTC maintains high-volume operation
The daily K-line chart of BTC was hourly. Although the selling trend of giant whale continued, the rebound trend of BTC did not have much impact. From the perspective of volume and price performance, the trading volume is still in an enlarged state, indicating that BTC's turnover below $25000 is relatively sufficient. If the current state is maintained in full volume, the price rise of BTC will continue. Nevertheless, this price rise of BTC may not be a unilateral rebound trend, but a rebound performance of increased turnover in the short term.
After the current trading volume starts to decline, the corresponding BTC interval adjustment will show an end signal. Judging from the direction of holding money, it is not the stage of building a large number of positions at present.
2. The number of BTC giant whale addresses continues to decline
Judging from the short-term trend of the giant whale, it is obviously in the divergence stage recently. Since March 21, the number of BTC giant whale addresses has continuously decreased from 2282 to 2140 on July 21, a decrease of up to 142. Accordingly, if the number of coins held by each Jujing address is more than 1000 BTCs, the corresponding 142000 BTCs have been spread to different accounts.
3. The miners showed obvious signs of shipment
Miners have been reducing the number of coins in the recent BTC rebound, and the trend of reducing positions is very significant, which is the largest performance of reducing positions in the past year. From 1.864 million coins on June 17 to 1.84 million on August 15, a decrease of 24000 BTCs. Miners' reduction in BTC means that the prediction of the market tends to be pessimistic. Miners' prediction of short-term high level usually occurs before BTC high level. The recent rebound of BTC has reached around $24300, so we can continue to pay attention to the impact of selling pressure on prices in the near future.
4. Eth continuous adjustment signal
The 4-hour K-line chart shows that with the increasing rebound space of eth, signs of volume reduction are emerging. The short-term failure of eth pulse trading volume to reach the upper part of the equivalence line indicates that the market has shown sluggish performance. In terms of range fluctuation, ETH is 300 points away from the 61.8% Fibonacci corresponding US $1910.
