1、 BTC transaction volume continues to shrink
In the 4-hour K-line chart, as the short-term fluctuation of BTC price narrows, the direction selection needs to start during the closing period of brin line. The brin line is closed to a narrow range of $19819 to $21416, with a span of $1597. Judging from the rebound in the number of new addresses, the number of new addresses on June 14 reached a recent high, corresponding to a large selling pressure of $22500. The number of new addresses rebounded, and the corresponding investors' holding points were confirmed. The selling pressure continued to exist in the near future until it exceeded $22500 upward.
2. BTC has realized cost up
During the trading period, the holding cost of investors will continue to move, while the holding cost price of long-term investors is low and will move up in the price shock stage. Therefore, recently, we have paid attention to the cost trend of BTC in the horizontal consolidation stage. The cost price of the main cash holding investors with a cash holding address of 18 to 24 months is lower than the current BTC current price. Therefore, the currency holding trend of some investors largely determines the rise and fall of BTC. The cost price of 18 to 24 month investors is the cost price of long-term investors holding currency closest to the current BTC price. On June 23, the cost price rose to $15117, a difference of $5793 from the current $20900. Upward, it is noted that the cost price of investors who hold money for one week to one month has dropped to US $26495. Therefore, the fluctuation space of BTC will still be around us $15117 to US $26495.
3. BTC online transaction volume shrinks
Although the on chain trading volume of BTC is at a high level in the short term, the contraction trend is clear. At present, the trading volume on the chain has reached twice the average value since 2022. This shows that the rebound in trading volume brought about by the recent price drop has not ended. The high trading volume on the chain means that the impact on prices will be reflected in the near future. There are many opportunities for BTC price fluctuation due to active transactions on the chain. At present, the area around 20000 dollars is a relatively good defensive point, whether it is low or holding money.
4. Eth brewing interval rebound
The weekly K-line chart of eth shows that although the price has recovered to more than US $1106 corresponding to 78.6% of Fibonacci, a strong rebound has not yet occurred. In terms of trading volume, the volume of eth can be large during the decline period, and the key price rise space still needs time to be tested. From the performance of the range price, ETH is still around us $1153. With the continuation of the range shock, the price increase of eth is expected to be strong.
5. The trading volume on the ETH chain fell back
After the trading volume on the ETH chain has dropped, the average value is still higher than the recent average value, indicating that the trading heat of eth has dropped rapidly, and the market change may occur in the near future. Looking back on the previous week, after the ETH oversold rebound trend continued, the ETH price was temporarily supported and was in the stage of rebound warming. Its price increase is expected to strengthen. Due to the high trading volume in the low price area, as eth leaves the low price area, its cash holding profit space will also increase. Next, focus on the rebound opportunities below $1500.
