1. BTC continues to adjust
After the sharp drop of BTC on September 13, the price continued to adjust, and the current closing price has not recovered. The daily K line chart shows that the BTC price continues to be lower than the integer threshold of US $20000, which indicates that BTC has limited energy effect in challenging short-term pressure levels and the market is in the adjustment stage.
In terms of trading volume, the trading volume in the recent two weeks was at a high level, while the BTC price just rose and fell at this stage, indicating that the direction choice for the large-scale competition stage is being confirmed. BTC hit the high and fell back on a large scale, and the market is still in the downward turning stage.
2. BTC transaction enthusiasm rebounded
From the recent share of BTC in the exchange, the share of spot transactions rebounded significantly, reaching 0.081 on September 13. At the same time, the BTC price also experienced a significant decline, with $22240 falling to the integer level of $20000, a decline of nearly 10%. This shows that BTC will continue to decline in the next trend. In particular, the number of transactions increased during the decline, and the proportion of transactions decreased after the decline, which means that BTC is steadily operating in the callback trend after falling below the support.
3. Confirmation of ETH short-term rollback trend
From the short-term performance of K-line in 30 minutes, the pace of ETH price adjustment is accelerating. The three times of impulse trading continued during the price decline, and the adjustment trend driven by its trading volume appeared, further depressing the ETH price. From $1759 to a short-term low of $1471, the decline reached 16%.
4. The number of ETH receiving addresses rebounded
The number of receiving addresses of ETH rebounded slightly. In terms of value, the number of receiving addresses on September 15 reached a short-term high of 247000, which is near the peak in the past month. The rise in the number of receiving addresses means that the number of investors buying ETH has increased slightly, but there is little room for growth. Considering that the recent price performance is declining and the decline of ETH price is expanding, if the buying strength does not grow strongly, the impact on the trend will be very limited.
