1、 BTC double pin bottom bounce
After the BTC short-term continuous double needle bottoming reversal pattern, the price soon expanded its increase during the rebound. At the daily level, the bottom position of BTC is very important, just around the $17246 corresponding to 78.6% of Fibonacci. Therefore, the strength of this price rebound is large, and its buying signal is relatively clear.
In terms of range fluctuation, BTC currently operates in the range of $17246 to $28308, and its price is at the low point of $21000. For investors who want to increase their positions in the near future, the current buying opportunity is good.
2. BTC low price zone has changed hands fully
From the performance of BTC's online trading volume, the trading volume has rebounded significantly during the recent price retreat. More investors transfer BTC means that the cost of holding money has changed significantly. From the perspective of the concentration area of trading volume on the chain, the trading volume from June 13 to June 20 is very large, which means that BTC has fully changed hands below $26000. The largest online trading volume has gathered around USD 21000, which means that the BTC price may fluctuate around USD 21000.
3. BTC medium and long-term investors still run away at a loss
The loss performance of BTC's long-term investors' transfer transactions continued. Among the investors who have held money for more than 155 trading days, the SOPR ratio on June 20 was 0.66, and there was no sign of improvement in the loss performance. Therefore, it can be said that BTC is still in the interpretation of the release of a locked in market, and the selling pressure has a great impact on the price trend. The judgment on the rebound expectation should not be too optimistic. Cautious low absorption can reduce the risk.
On the whole, BTC is still in the stage of oversold and rebound in the short term. After more investors transfer BTC in the low price zone, the cost of holding currency has been reduced recently, and the price support will still be effective.
4. Eth rebound verification support is effective
The 78.6% Fibonacci, the most important technical support line of eth, and the corresponding USD 1106 support were confirmed by the rebound, but the price increase was relatively limited. In terms of decline, the fluctuation intensity of eth is higher than that of BTC. The recent daily K-line chart shows that the closer to the low price of eth, the higher the trading volume. The support of the low price zone is good, but the number of investors holding money is also relatively large. In addition to the growth of new capital entering the market, the rebound focuses on the price performance of the pressure level.
In terms of weekly K-line, ETH hit a minimum of $881, while its closing price was $1128. Based on this judgment, the ETH price has verified that the support of USD 1106 is effective. In terms of weekly trading volume, ETH turnover rate was the highest in the past year. Considering that the performance of eth trading volume in the past year was very low, this volume increase occurred after the sharp decline in prices, and its low volume characteristics were very obvious. Therefore, the buying opportunity of eth around USD 1106 should not be ignored.
5. Eth contract position bottoming sign
Although the investors' interest in positions in eth has also continued to decline significantly, it is still high compared with the low level in 2021. Therefore, it can be considered that there is controllable room for the decline of trading enthusiasm of eth investors.
The recent low position of eth contract is around USD 3.5 billion, which is 16% higher than the low value of USD 3billion in mid 2021. From this perspective, investors' interest in positions has shown signs of a low rebound. The growth of contract positions means that the price fluctuation potential of eth will increase. Meanwhile, the long short ratio of contract positions rebounded significantly. In the process of supporting the price rebound, it has been verified that the opportunity to buy US $1100 is effective.
