【Market review】

【Article Summary】

Market analysis of Bitcoin and mainstream currencies and altcoins (such as: BTC/ETH/BCH/ETC/DOT/UNI/LINK/LTC/SAND/IOTA/FLOW...etc.)! Will Bitcoin and Ethereum continue to operate in a bull market in 2021? Can ETH be above $2,000 by the end of March? Does the platform currency have much room for development in the later stage? Wait... These issues are the issues that currency enthusiasts have been paying attention to recently!

【Market review】

【Market】

【Market】

At the same time as the BTC-anchored currency was growing rapidly, the H currency market showed that BTC rose from around 9,000 USDT to 12,448 USDT. Although the growth of BTC-anchored currency is mainly due to the hot DeFi that has triggered a large number of user mortgage participation, and it is still growing at a high speed; while the market of cryptocurrencies such as BTC has recently seen a slight decline, it is difficult to deny that there is a connection between the two, because based on ETH's BTC-anchored currency issuance needs to lock the corresponding BTC, resulting in a reduction in the BTC available for transaction circulation.

"More and more BTCs are locked into smart contracts, resulting in a decrease in the number of BTCs in circulation. So far, BTC mining, according to our previous judgment, may be less than 30% of BTCs that can be active in the market for a long time, such as There are coins lost and put into wallets, these are not BTCs that are actively traded. Now about 0.5% of BTCs are locked in smart contracts and become a new convertible asset. This has caused selling pressure on the secondary market This is actually good news for the entire big industry, because more and more BTCs are locked in reserves.

BTC: From the 4-hour chart, it has been operating normally in the upward channel since the beginning of the month. It is a volatile upward trend. So far, it has emerged from a W shape. The strong pressure above is near the new high, 58,000 US dollars. Friends who enter the market later try to focus on swings, and implement the high-sell and low-buy trading method, also to prevent profit taking.

In terms of contracts: Use 54,000, 53,000, and 52,500 US dollars as the staged short-term support levels to intervene in batches with multiple orders, and use the pyramid method of building positions as much as possible.

ETH: From the 4-hour chart, $1,700 to $1,750 has become an effective support. Continue to observe whether the key point of $1,850 can be stabilized again. After stabilization, the possibility of going above $2,000 will increase again!

In terms of contracts: Use 1780, 1750, and 1700 US dollars as the staged support level to carry out batch-type multi-order intervention, and use the pyramid method of building positions as much as possible.

CHZ: Chiliz belongs to the NFT sector. I believe everyone in this sector knows that the rise of coins in this sector is "crazy", but the short-term "crazy" does not mean the later stage. Although many people in the market are very optimistic, they are rushing into it. In the short term, I think it’s okay, but in the long term, I think compared with the Polkadot and DEFI sectors, the later stage of NFT is still unknown at least for now.

POLS: Polkastarter is a DEX in the DEFI section built for cross-chain token pools and auctions. It will be launched on H coin on January 14, 2021. Looking at the trend of the entire market, the current bottom of $3.58 has basically formed a bottom, and you can find a suitable position to enter the market.