8.19 Evening market: When will the link stop falling? Can mainstream coins buy bottoms?

The article is contributed by Biquan Beiming, the columnist of Jinse Finance and Economics, and his remarks only represent his personal views, and are only for learning and exchange! Golden Disk will not actively provide any transaction guidance, nor will it charge any fees to guide transactions. Readers are requested to carefully screen and beware of being fooled.

LINK seems to have become the vane of the market. LINK fell and fell, and the market trembled three times. LINK’s adjustment method at the daily line level has now shown a top-point pause and a downward bend below the 5-day moving average. The probability of a continuous decline for a strong currency is not high, but it is easy to be attacked near (above) the 5-day moving average. In the short term (3-5 days) into a wide range of shocks, according to this logic, other popular currencies in the market, BTC and mainstream currencies should also have the same rhythm. The BTC daily support is still maintained, the 30-day moving average is steeply upward, and the midline trend should not be overly pessimistic.

The daily trading volume of Ethereum, Solana and BNB Chain decreased by 13.7%, 18.1%, and 58.2% compared with their historical highs: According to news on July 18, CoinMarketCap statistics show that as of July 11, since November 2021, Ethereum, BNB Chain, and Solana have all seen significant declines in on-chain activity since reaching their all-time highs last month, with their daily transaction volume down 58.2% from their peak, while Solana and Ethereum dropped 18.1% and 13.7% respectively. %. In addition, in terms of the number of daily active-ethexc addresses on the chain, BNB Chain and Ethereum have decreased by 68.8% and 27.2%, respectively, since November 2021, while Solana's daily active-ethexc addresses have increased by 20.4%. [2022/7/18 2:20:16]

In terms of operation, the article started to remind high-level varieties to cash in profits until today. Most of the popular varieties have adjusted by 20-30%. Good funds will still be re-speculated; although the mainstream currency is slower, after this negative line adjustment, the 4-hour level is basically near the support level, and it will rise horizontally (2-3 days). It is recommended to buy low in the negative line . BTC's short-term support level is around 11620, and the short-term pressure level is around 12060.

BTC breaks through the $34,500 mark with an intraday increase of 8.17%: According to data from Huobi Global, BTC has risen in the short term, breaking through the $34,500 mark, and is now at $34,533.83, an intraday increase of 8.17%. The market fluctuates greatly, so please do a good job in risk control. [2021/1/29 14:20:13]

USDT accounts for about 68.11% of Bitcoin transactions: Jinse Finance News, according to cryptocompare data, the current Bitcoin transactions are ranked according to the transaction currency, and USDT is ranked first, accounting for 68.11%; ranked second It is the U.S. dollar, accounting for 8.92%; the third is USDC, accounting for 6.35%; the fourth is the Japanese yen, accounting for 5.45%; the fifth is PAX, accounting for 5.24% %. [2020/3/28]

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Author: Biquan Beiming

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