1. BTC impulse height fall back
The short-term 30 minute K chart shows that with the weak short-term rise of BTC, the recent pace of adjustment shows signs of acceleration. BTC expanded its decline during the pullback period and showed signs of a small increase. This shows that since the negative interest rate rise of the Federal Reserve on November 2 reappeared, although the BTC price has bottomed out and recovered, the price increase has basically been exhausted. The current point is around 20770 US dollars, which is the peak level on November 3. Judging from this, the trend of BTC is still uncertain. Therefore, pay attention to the pace of price adjustment.
2. BTC profit taking flight
When BTC rose to $21480, there was an obvious sign of profit taking. In particular, most of the investors who held coins for more than 155 trading days fled on October 18, October 25 and November 4. During this period, the SOPR indicators of BTC reached 1.436, 1.135 and 1.59. It can be seen that when the main profit reaches or approaches 50%, the BTC high selling pressure is still large, which is obviously unfavorable to the recent price rise.
3. ETH activity decreases
From the change of the number of active addresses only, the decline trend of the number of active addresses of ETH has obviously continued. Recently, the number of active addresses has remained at around 2.71 million, which means that the price of ETH is still in the recovery stage. At least judging from the number of active addresses, ETH failed to complete the preparation before the breakthrough when most investors were ready to trade. Therefore, at present, ETH still has the possibility of strengthening short-term fluctuations, and there is a sign of a second retreat below the price of $1600.
4. The pressure of DOGE was released slightly
Although the price continued to retreat, the 4-hour K line hours of DOGE did not continue to show very obvious signs of large-scale escape. During the recent surge and decline of DOGE, the time of large-scale retreat was relatively short, and most trading periods were dominated by volume contraction. When DOGE retreated to a short-term low of $0.114, most mainstream currencies also showed signs of being in place. From the perspective of the volume and price performance of DOGE, it has reached the end of the withdrawal. Short term focus on rebound opportunities.
5. RARI rebounded slightly
The recent trend of RARI is still very strong, but the trading volume in the lifting phase is relatively shrinking. When the 4-hour K line chart was hourly, RARI returned to the process of $5 again, and the trading volume decreased by 75% compared with November 1. Therefore, this time RARI is a continuation of short-term strength, and is not ready to reach a new high. In terms of transactions, the trend of popular currencies such as RARI is still uncertain due to the continuation of the adjustment pace of mainstream currencies such as BTC.
