1. BTC kills in a large amount
The BTC price rose and fell again in the short term. The price retreated from more than 20000 US dollars to around 18700 US dollars, and the trading volume in the same period was obviously recovering. This shows that the 4-hour BTC selling is relatively intuitive and clear, and continues to push the BTC price back down. Judging from the pressure level, BTC's selling pressure of $20000 is heavy, which means that the rapid price drop on September 13 still has an effective impact on the trend. BTC's clear rebound space has been extremely compressed, and the break may be completed in the short term.
2. Long term investors sell BTC
Although the selling of long-term investors was stable, the CDD indicator of continuous pulse recovery showed that the number of BTC currency destroyed per day remained active, and the rebound again suggested that the selling pressure increased. At the same time, BTC showed clear signs of adjustment around 18000 dollars. This shows that the early low support of $17600 is no longer effective. The BTC may open downward in a short time.
3. ETH confirms reverse configuration
The ETH daily K line chart shows that the price will rise and fall in the short term. Although the price did not touch the corresponding USD 1470 of the middle track of the Bollinger Line, the ETH reverse trend will be confirmed soon. This shows that after nearly a week of sideways adjustment, the selling pressure of ETH has risen rapidly, and further downward space has been confirmed.
At present, the offline price of ETH's Brin line is at the low level of $1104, so the effective price range for short-term pullback is high. Once the price retreats to $1104, and the ETH price is close to the support level of $1106 corresponding to 78.6% of Fibonacci, it is difficult to confirm the support effect.
4. ETH was sold in large quantities
The selling pressure of ETH increased, and the top ten transactions of the exchange selling pressure rebounded significantly, reaching 11841 ETHs on September 27, worth 15 million dollars. According to this judgment, the ETH price retreat may be realized in the short term. In addition to the 3% drop in the daily K line level, further pullback may touch the lower support of $1100.
5. QNT price signs soar
Quant (QNT) is an interoperability focused agreement whose price has soared to a record high. This project aims to help enterprises integrate and operate distributed ledger technology (DLT).
The three reasons for the price increase of QNT include its recent agreement upgrade to Overledger 2.0.5, the launch of the Quant developer program, and increased access to its supply after the listing of the largest crypto exchange.
Interoperability expansion
In the message hour on September 7, Overloader 2.0.5 was released as a DLT gateway for enterprises, providing universal interoperability between various protocols and allowing users to connect any system to any network or DLT.
To connect the ecosystem with stable currency, DeFi, NFT and the popular ERC20/ERC721 digital assets for clearing and settlement.
QNT provides rewards for developers
The second reason for Quant's growing strength is the launch of the Quant Developer Program, which aims to attract new developers to the ecosystem.
An active community is the symbol of a successful blockchain ecosystem. Developers play a vital role by creating on-demand applications and protocols that attract users and encourage activities on the chain.
The launch of QNT in major exchanges has promoted the increase of trading volume
In the past few months, QNT launched two major exchanges, which made the average daily trading volume of 24 hours jump from 9 million dollars to more than 740 million dollars on September 6.
