Statistics on several high points of the pie and recent transaction data on the entire network. (There will be some differences between the price on the entire network and that of Binance)

There is a simple logic. Only when there is a large amount of buying will the price rise, and there should be more buying than selling. There must be a large amount to go higher, because there are many hold-up orders at the previous high, and the trading pressure is high. If there is large trading volume at the low level, it will become selling pressure at the high level.

The following conclusions can be drawn from statistical data:

1. The trading volume of Big Pie has been rising in the past few days. If the trading volume continues to maintain above 36 billion or even 40 billion next week, it is possible to break through 69,000 to 70,000.

The trading volume of 62000-66000 from 2.10.13-10.15 was greater than that in the following days. The chips at this price will become selling pressure for higher prices in the future.

From 3.10.13 to 10.15, except for the insufficient volume on the 13th, the subsequent trading volume was more than 40 billion, and the price also increased by 3,500 points. From 10.16 to 10.18, the volume remained above 30 billion but the price increased by about 1,000 points. Obviously, the higher the price, the greater the funds required to pull the market. Compared with 4.9, 5.20, and 6.7, the volume is almost enough. But if the price does not go up, it is likely that the selling pressure is too great.

Monitoring revealed that 8,500 large pies were shipped on Coinbase late last night. This news needs to be further verified. Whether it is true or not, it is very likely that large investors or bookmakers shipped goods at a high level.

All analyzes are judgments based on data and are for your reference only and are not intended as investment advice.