Topic in Discussion
BTC surged again after a rollback to $3,800 and quickly breached the position of $4,000, and continued to challenge the pressure of $4,100. Soon it broke $4,100 and continued to soar after stepping back on $4,100. BTC's movement was surprisingly on fire, not only in its continuous breakthrough from $3,850 to $4,000, $4,100, but also its repeated challenge to $4,200 with the shrinking volume. It is also the shrinking volume that tell us how hard for BTC to break through $4,200, it is likely to be forced back to $4,100 in short term, or even above $4000. If BTC can once again break through and stabilize at $4,200, it can continue to rise, but a pullback will come after all, and the temporary breakrough is only a delay.
The world does not have free meal, some people gain and some lose, with no sympathy and sharing in front of the interests, only one chip stained with blood. A lot of people may still be caught in $6,000, $5,500, $4,500, many may have cut loss in $3,500. Investors want to buy at high price when they know BTC's trend seems profitable. But, actually, when the trend is clear, the profit space has been very small, and often at this time, the correction market is coming. In the market, both ups and downs are dominated by interests.
As of 6:00pm on December 20, according to CoinMarketCap data, the total market value of digital money market is $133.04 billion, $10.5 billion more than yesterday's total market value, up 8.62% month-on-month; Total market turnover was $23.62 billion, up $4.49 billion from yesterday and up 23.48% month-on-month. Today, the major stablecoin changes as follows, USDT current price of $1.03, up 1.70%; The other four stablecoins all rose, among which GUSD rose 6.97% and was currently trading at $1.10. TUSD, USDC and PAX rose 0.57 percent on average to $1.02.
Mars Finance monitors 94 of the top 100 digital currencies by market value, with 41 of them rising within the range of 5% to 10%. The 100 digital currencies rose by an average of 6.40%. Bitcoin Cash headed the standings with an increase of 38.69% , followed by Stratis of 33.99%. The stablecoin DEX was the worst performer with a 29.75% drop, followed by QASH with a 2.37% drop.
BTC maintained the uptrend, but a very strong trend is not necessarily a good thing, especially in a bear market. A large pull-up may cause exhaustion afterwards. The current volume of BTC continues to shrink, the failure to attack $4,200 will lead to a large correction to $4,100 support.
The main outflow is 79.58 million yuan in 24 hours, the retail net inflow is 76.55 million yuan, which showed a short side dominated market.
BCH continues to lead the cryptocurrencies with a sharp rise in trading volume, which is close to the fluctuating range of $175 to $200. According to this strong momentum, it is no problem for the market to break through $175 successfully in the after-market, but it may be a little hard to break into $200 in the short term.
The main inflow is 792,000 yuan in 24 hours, the retail net outflow is 2.886 million yuan, which showed a strong short side dominated market.
EOS continued the moderate trend, although the rebound with BTC has recovered yesterday's decline, but the overall trend is not as good as BTC. Resistance above $2.90 is still making strong pressure, if the EOS can not break through quickly, the strength of the rebound in the after-market will be greatly affected.
The main inflow is 25.72 million yuan in 24 hours, the retail net outflow is 132 million yuan, which showed a strong short side dominated market.
As of 6pm, 27 out of 27 blockchain industry sectors of 5 classifications went up, according to TokenInsight. Among them, "medical applications" sector saw the best performance with an average increase of 14.45%, followed by "financial platforms" sector with an average increase of 11.33%. The "governance protocols" sector saw the worst average increase of 0.39%, followed by the "anchors and reserves" sector with an average increase of 0.90%.