1. BTC downward trend continues
The downward trend of BTC price continued, and the lowest point on November 22 reached 15476 dollars. In other words, the market is in a very critical position. The 4-hour K line chart shows that the Bollinger line of BTC price has begun to expand, and a further break is in the pipeline. After BTC turnover has returned to a flat level recently, the downward trend is still expected to continue.
2. Increase in proportion of unrecognized losses of BTC
With the continuous expansion of the decline, the proportion of unconfirmed loss transactions of BTC rebounded significantly, reaching 0.62 on November 22, the highest level in three years. At the same time, as the BTC price continues to be depressed and the short-term rebound space is not high, the proportion of gains and losses remains high. The proportion of unconfirmed loss trading exceeds 60%, which means that new investors are under great pressure to hold money at loss, and the impact on BTC rebound is obviously negative.
3. ETH short line retreats to support position
The ETH price is currently in a downturn operation stage. The 4-hour K line chart shows that the price has reached a recent low of around $1073. From the perspective of trading volume, the trading volume of ETH has significantly increased during the early decline, while the recent trading volume has rebounded again, and the price may usher in another downward turning signal.
In terms of proportion, Bollinger Line has begun to expand, and ETH prices may break at any time, so we need to pay attention to the performance of price changes.
4. ETH financing interest rate rebounded slightly
After the ETH financing interest rate rebounded from the region below zero, the value has gradually approached the zero axis. Unlike the sluggish performance on November 10, ETH investors have started to actively trade ETH. According to this judgment, although the ETH price is operating at a recent low level, the selling pressure has not increased significantly. However, near the support point of USD 1073, attention should be paid to the adjustment risk before the price rebound. At the same time, 78.6% of Fibonacci's corresponding US $1106 pressure is strong, and falling below this point means that adjustment pressure of as high as appears.
5. LTC short-term strength
As the financing interest rate fluctuates little, it often shows positive financing interest rate, so the LTC market performs well. LTC prices are still running above $60. From the perspective of support, LTC has strong long support at $60. In recent half a year, prices have maintained a sideways consolidation, and we can continue to focus on opportunities for improvement in the near future.
