Goldman Sachs stated in a report to customers that the blockchain with the highest “practical potential” is Ethereum, which suggests that ETH may become the dominant digital value store. Smart contracts include software that can automatically execute digital contracts. This technology promotes the prosperity of decentralized finance (DeFi) protocols and cryptocurrency-based decentralized applications (DApp).
Analysts pointed out that Bitcoin’s first-mover advantage makes it have a stronger brand, but they believe that Bitcoin lacks some of the use cases of Ethereum and its transaction speed is slower. Due to its focus on hard currency and network security, Bitcoin has not yet provided the same level of functionality as Ethereum. As a younger network, Ethereum has been able to grow at a faster rate than Bitcoin. Bitcoin has grown by 261% in the past year, while ETH has grown by 856% in the same period. Brother Hua has always said that Ethereum is the only currency whose market value may exceed Bitcoin at this stage. With the steady progress of eth2.0, Brother Hua believes that eth will get better and better in the future.
It’s still the old-fashioned question. The pressure on the 30-day moving average is real. If it doesn’t break through, it will continue to be weak and continue to oscillate. Back to today’s market, Bitcoin touched the pressure of the 30-day moving average yesterday, and then was smashed by the bears. The market is still like Hua Ge imagined. There will be no big ups and downs in the short term, just back and forth. The volatility of the market, the reaping of retail investors back and forth, the short-term position will be reduced if the price rises too much, instead of chasing the rise, and buying a little if it falls too much, instead of killing the drop. Brother Hua continues to be optimistic about eth and dot. Support level: 32500, pressure level 34500.
It is normal for eth to pull back around the 120-day moving average. The benefit of the upgrade should be postponed to the beginning of August. Now it is less than a month away from the good. The callback is the opportunity to buy in batches. buy. The support level is 2200 and the pressure level is 2400.
Bch Hua Ge believes that if you don’t stand on the 30-day moving average, you should not participate first and continue to hold the bottom position. The support level is 480 and the pressure level is 530.
Bsv has lost the support of the moving average, and the short-term trend will be weaker. Hua Ge believes that there is still a chance to receive it near 110, and it is recommended to continue to wait for the low to buy. The support level is 130 and the pressure level is 145.
Where is the pressure on the ltc30 daily moving average. If you can’t stand up to the bulls, you will not dare to exert your strength, nor will it resonate in the market. It will continue to be weak in the short term, and it is recommended to continue to hold the bottom position. The support level is 130 and the pressure level is 142.
The pressure above the link has broken through, but it hasn’t stood firm. Brother Hua thinks that the link is showing signs of upward movement. Brother Hua suggested that small funds can be deployed on dips. The support level is 18.5, and the pressure level is 21.0.
ada fell below the 10-day moving average support. If today’s close cannot be recovered, Hua Ge suggests rebounding to lighten up. Support 1.33, pressure: 1.43.
XRP is A Dou who can’t help him. When others rise, he doesn’t rise, and when others call back, he also calls back. There is no harm if there is no comparison. Brother Hua recommends not to waste time and money on xrp. The support level is 0.62 and the pressure level is 0.66.
This time, zec has been suppressed by the 30-day moving average for the fourth time recently. In these few times, the pressure on the 30-day moving average has been called back. Brother Hua still advises everyone not to stand on the 30-day moving average. Wait and see. The support level is 110 and the pressure level is 123.
Xtz broke all the support of the moving average, and there is no support of the moving average below, and the trend will weaken. Hua Ge believes that it is not a good time to participate. There is a risk of continued adjustment in the short term, so continue to wait and see. Support level is 2.7, pressure level: 3.0.
The volume of dot’s rise the day before yesterday was good, but unfortunately it was brought down by the market, and the amount of callback was not large. Brother Hua continued to be optimistic about dot. It is recommended to buy small for small declines and buy large for large declines. Support level: 15.4, pressure level: 17.7.
Uni Hua Ge recommends holding with reference to the 5-day moving average support. If it effectively falls below the 5-day moving average today, it will start to rebound and lighten up in batches, and finally leave a bottom position. Support level: 20.0, pressure level: 23.0.
Sushi has pulled back to the support of the 5-day moving average that Hua Ge said, so you can buy a part of the position with a small amount of money and fall below the 5-day moving average stop loss. The support level is 8.2 and the pressure level is 9.3.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/analyst-sees-the-market-outlook-moving-average-pressure-continues-to-exist-and-btc-will-mainly-oscillate-in-the-short-term/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.