8.15 Midday market: close to the key point, observe whether there is any heavy volume

Bitcoin was a bit blood-sucking and rising this morning, but the strength was weak, and it was blocked again when it reached around 12,000 US dollars. It is currently oscillating around 11,850 US dollars. Looking at the daily line, MFI continues to go down. It has deviated for four consecutive days. The current price is at a critical juncture. It can be said that if it fails to break through, it will plummet. Yesterday’s afternoon commentary mentioned that the funds have plans to challenge the $12,000 level again, and there will be strong selling orders at $12,000. Today is also to maintain the original point of view. The current watershed will be more volatile. If there is no heavy volume for a long time, backhand empty orders or hedging will do.

Data: The total lock-up volume of the Ethereum L2 network is 5.81 billion US dollars: Jinse Finance reported that L2BEAT data shows that as of March 5, the total lock-up volume on the Ethereum Layer 2 (L2) was 5.81 billion US dollars. Among them, the expansion program Arbitrum has the highest amount of locked positions, which is about 3.15 billion US dollars, accounting for 54.26%. Followed by dYdX, the lock-up volume is 958 million US dollars, accounting for 16.47%. [2022/3/5 13:39:38]

OKB fell below the $8.1 mark, with an intraday drop of 4.54%: OKEx data shows that OKB fell short-term and fell below the $8.1 mark, and is now trading at $8.1, with an intraday drop of 4.54%. [2021/2/17 17:22:47]

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Market | HT led the rise of mainstream currencies with an increase of 8.14%: HT continued to fluctuate and rise, leading the rise of mainstream currencies. HT is now at $1.256, an increase of 8.14%. [2018/12/2]

Author: Niu Qi's Blockchain Analysis Notes

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