1. BTC concussion drops
BTC's 4-hour K chart shows that the price rises during the small rebound in trading volume. At present, BTC is still operating below the corresponding US $17246 of 78.6% in Fibonacci. The competition between the long and short sides is relatively relaxed, and the price trend is relatively stable. The trading volume peak that BTC can reach is limited, and the bulls are still ready to go, but we should pay attention to the change of selling pressure. Considering that the transfer on the chain is also operating at a low level, it indicates that BTC is in the slow bottoming stage, so it is enough to pay attention to the market changes.
2. Escape of long-term investors
BTC's trading volume on the chain is very stable, and the recent trading volume has always remained at a low level, which is obviously different from the overall trading volume on the chain in 2022. In terms of value, the trading volume on the chain on December 8 was 298000 BTCs, which shrank by more than 50% compared with the previous period, indicating that investors' willingness to transfer money declined significantly, and the market was in a period of low growth.
3. DASH low bit inversion
The daily K line chart of DASH shows that with the confirmation of the reversal pattern, the price has begun to show signs of stabilization after the arc bottom pattern. At present, the price of DASH is around 46.7 US dollars, which is the highest price in the past six months. In terms of volume and price performance, DASH price is stronger than most mainstream currencies, especially short-term performance is better than BTC and ETH. Therefore, in the near future, we can focus on holding coins to gain opportunities.
4. High level operation of DASH financing interest rate
The financing interest rate of DASH is maintained at a high level, ranging from 0.01% to 0.03%. Recently, the activity of long trades is relatively good, and we pay attention to market changes. During the period when the financing interest rate remains positive, the trend of DASH will be stable. At present, there is a good opportunity to attract money below $50, which is suitable for further attracting money to wait for the price to rise.
