Golden trend丨BTC weekly line is about to die, often ushering in a burst rebound

Last night, there was a wave of bottoming out, and the price broke through the hourly downward triangle suppression, and the highest reached around 10,440 US dollars and then fell back. However, the adjustment volume is average, which belongs to the healthy trend of breaking through and stepping back, and the recent daily line has been inserted one after another, indicating that the stage is bottom-hunting The strength of buying, the short-term 5-day moving average has also changed from a decline to a flat posture, and the short position column has gradually shortened below the 0 axis, indicating that the possibility of another sharp drop in the near future is unlikely, and the probability of a short-term stabilization and a rebound is high. BTC fell all the way from the top of 12,000 US dollars in the early stage, and there was no decent rebound during the period. At present, the market has stopped falling in the common support area of the weekly Bollinger middle rail and the 120-day moving average. The daily line has continuously lowered the shadow line, and the weekly MACD indicator line is about to die Fork, often at this time there will be a wave of short-term rebound, and it is expected that the rebound will be the main one in the near future.

Annual focus | Demystifying 12.26 Sanya Annual Golden Ceremony: On December 26, hosted by Jinse Finance; STD Shanda public chain as the general title; Quantum Mining Pool, Thor public chain, CYPHERIUM joint presentation, Elastos, ECO2, Genesis Library, Waves The second annual Golden Ceremony of the chief cooperative enterprise "Create with Time" is about to open at the InterContinental Sanya Haitang Bay Hotel.

In addition to awards, this grand ceremony will also have 29 companies year-end brand display: Bitnasdaq; Genesis Library; New Infrastructure; Inbit; WhiteBit; BiKi; ETC; Taiyi Technology; Elastos; Biniu; Waves; Zero Hour Science and technology; BitKeep&You Mine; ECO2; Thor public chain; CertiK; fortube; WBF; Ephmiera; CYPHERIUM; 58Coin; STD Shanda public chain. See the original link for registration. [2020/12/16 15:23:44]

At present, the price has fallen below the long-term downward trend line support of 19800-14000, so the subsequent rebound will form a suppression effect, probably in the area of 10600-10650 US dollars, which is also the gap where the CME futures contract jumped last week. According to past rules, there is a high probability that this position will be filled in the near future. The first target is in the 10600-10650 range. If this area can be effectively broken through, the price is expected to continue to attack upwards and test the pressure of the neckline 11000-11100 range of the head and shoulders built in the previous period, which is also the suppression area of the 5-week moving average. Only when it stands above the neckline of $11,100 in the previous period, can BTC be expected to return to its previous strong state. Otherwise, it will be regarded as an oversold rebound, and the operation is mainly to lighten up positions on rallies. It may usher in a waterfall market again, so be cautious in operation.

Jinse Finance mining data broadcast | BCH network computing power rose by 5.50% today: Jinse Finance reported that according to the data of Spider Mining Pool:

The computing power of the BTC network is 113.686EH/s, the mining difficulty is 13.73T, the current block height is 634482, and the theoretical income is 0.00000941/T/day.

The computing power of the entire ETH network is 182.165TH/s, the mining difficulty is 2308.35T, the current block height is 10254520, and the theoretical income is 0.00843782/100MH/day.

The BSV network computing power is 1.759EH/s, the mining difficulty is 0.26T, the current block height is 639109, and the theoretical income is 0.00051157/T/day.

The BCH network computing power is 2.572EH/s, the mining difficulty is 0.37T, the current block height is 639327, and the theoretical income is 0.00034989/T/day. [2020/6/13]

Jinse Finance live report Wu You, founding partner of Mirror Lake Capital: The way to make money in the blockchain industry in 2018 is layout: Jinse Finance live report, at the 2018 China Blockchain Summit Forum with a round table of "what attitude to embrace the blockchain" On the forum, Wu You, the founding partner of Mirror Lake Capital, said, “When I was an angel investor, I said that being a good person can change the world, but making money is a simple and rude thing. Making money is a trend, look for the trend, and adjust in time. Block To make money in the blockchain industry, you must enter the market. The way to make money in the blockchain industry in 2018 is to lay out.” [2018/5/20]

Tags：

MANA