Let's take a look at the market situation at the weekend:
Bitcoin:
Around 68,600, the key position of the monthly line, it moved up to around 68,800 today, and the price has been fluctuating again, indicating that this position is currently temporarily used as a short-term long-short game point, and the long-short forces are constantly changing hands again.
However, although the price has changed hands again, the trading volume is still small. The 24-hour Bitcoin transaction is only about 13 billion, which is one-third of the daily level during the week. It shows that around 68,600 is still a battleground for short-term operators. Whether this position can form a large number of turnovers and bottoming out still depends on the volume next week.
Ethereum:
The price has been hovering around 3750 in the short term, and it is in the 1-hour Bollinger Band oscillation range. The price has never been able to break through the 4-hour mid-line and return to the upper track, and the sentiment is low. However, the good news is that although the first wave of ETF heat has passed, the price has never fallen below the monthly support of around 3550, indicating that although the sentiment is low, traders have not tried to sell chips.
However, it should be noted that the 1-hour Bollinger Band and the 4-hour Bollinger Band have gradually tightened, especially the 1-hour trend. According to the current tightening rhythm, from the next weekend to Monday, even if the news cannot affect the market, the technical side must make a small-scale breakthrough. The price is too depressed in the short term, and a clear breakthrough is needed to release emotions, whether it is long or short.
The trading volume is 12 billion, temporarily returning to the low trading volume before the ETF popularity, and the trading sentiment is still in a depressed state. The situation is similar to Bitcoin, which is a short-term low-volume turnover state.
In terms of funds:
USDT remains volatile, and there is no inflow or outflow of funds. USDC has a small return, and the total market value of stablecoins is 161.3 billion, with a small increase of 200 million market value. The main inflow is still a small inflow of USDT UDDC and other stablecoins.
Shanzhai:
By observing the ALT data, the intraday fluctuation of the ALT market value is obvious. The main active time is 11 am to 19 pm GMT+8, which is basically the Asia-Europe trading time. After 19 o'clock, the ALT market fell sharply. The short-term fluctuation of the market value is 22.4 billion. ALT mainly includes Ethereum, stablecoins and all altcoins. The difference of Ethereum is about 3.2 billion, and the short-term market value of altcoins has fallen by about 19.2 billion since 19:00 in the evening.
By observing the changes in the market value and trading volume of altcoins, the activity of altcoins was poor on Saturday, so this week should basically not be considered as a rebound week for altcoins. The market risk sentiment is still biased, but MEME is still highly active.
