Hello everyone, as of the time of posting, BTC is quoted at around 30,000, and the market has been hovering around 30,000. Since the market fell last Saturday, the price has been hovering between 30,000 and 30,400, and has repeatedly approached 30,000 and rebounded. In the early hours of the morning, the market saw high trading volume again, quickly dropping the price to around 29,600, and then quickly rebounded to around 30,000.

The phenomenon of continued sluggish trading volume also allows the main force to influence the market at a lower cost. Looking at the larger trading volumes in recent days, they are all presented in an increasing form of 40 million, 80 million, and 120 million. Now we are still in the stage of long-short game, and both sides are still testing.

According to the market observations throughout yesterday, the trading volume of the entire trading day was flat, showing a sluggish small fluctuation. Starting at 6 pm, the trading volume gradually increased and the volatility increased, but the real reflection of the larger game between long and short appeared in the early morning. Starting from 11 pm, the accounts of various large investors were frequently adjusted, mainly targeting the leading stocks of the entire market and mainstream altcoins. First, a large amount of cash flow was transferred to the exchange, and then a large amount of USDC was also transferred to the relevant exchanges. It should be noted that most of the bottom-fishing behavior was carried out through USDC, which shows that large American investors are bottom-fishing. As for the identity of the seller, we are not clear at present.

In fact, judging from the market and trading volume, the current market shorts are clearly resisted, and the bulls are also under certain pressure. The slightly volatile market shows a "dangerous" signal.

Let's take stock of the current factors of the short position. The first is the recent collapse of the MUITI project. The project owner was arrested and the project was stopped. It involved billions of dollars in funds, which may intensify the supervision of cryptocurrencies in China. The second is the dynamics of exchanges: B An announced the layoff of 1,000 employees and the resignation of some senior executives and legal proceedings involving exchanges may also have a negative impact on the market. The third is the macroeconomic environment: China's economic slowdown, the continuation of the Sino-US trade war, and debt problems have all put pressure on the economy, which may have a negative impact on BTC. Of course, these are some of the most basic impacts, and more are the main players who hype through these news.

Recently, the volume of altcoin transactions on Korean exchanges has increased, and the fomo sentiment is high. It has been driving various altcoin projects, such as BCH, COMP, 1INCH, etc. There are market makers behind the scenes who are driving the market sentiment. Do you think it is just harvesting Koreans? You are wrong. If you observe carefully, you will find that many bloggers are pushing the anti-courage of Korean exchanges.

Trend Direction:

Currently, 30,000 is still a small-level support. The recent good performance of U.S. stocks may lead to a small rebound in sentiment, and then the long and short game in the early morning will most likely continue to test the support below.

Trading straregy:

At night, adjust the order point according to the transaction volume and the current quotation, and place an order at a high level. The specific order point depends on the trading enthusiasm at that time. If you want to build a position aggressively, you can build a small position near the market price and cover the position when it rebounds. As for snacking on a rebound, it is not recommended for those who are unable to watch the market.

Spot:

At the current stage, spot trading needs to be cautious. You can choose to anchor a good currency and wait for the market to stabilize before building a position. Recently, affected by Ripple, many altcoins have risen significantly, and their prices are relatively strong. You can wait for a decline to give you an opportunity to build a position!