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Yesterday's trend has started to run around the key point of 11500 and the indicators are repaired. The high point goes to 12000, the low point is around 11100, the trend of thousands of points, the mainstream currency is once again collectively deep, this is a strong wash, of which BCH Both EOS and EOS have fallen by more than 10%.
Partial entry of institutional funds did not lead to the imitation of retail investors, resulting in insufficient market capital growth. When it smells a sign of falling, the short-term profit-seeking institutional funds immediately leave the market, causing this wave of digital currency to collectively dive. In the case of Bitcoin's 24-hour decline of more than 10%, BCH, BSV and other forked coins that are close to Bitcoin fell 18% of the price.
Bitcoin remains at a high of $11,500, a pretty good gain from the $3,000 range at the beginning of the year. However, if this plot develops, the rest of the digital currency will be basically finished. Institutional investors make money by bitcoin, and small money exchanges other currencies for bitcoin losses, which is tantamount to completing a wave of harvest in disguise.
From the situation in 2019, digital currency players are more sensible and have signs of speculative shifts to investment. Bitcoin and stable currency are becoming important investment targets, and both institutions and funds are more biased towards the two. On the one hand, it is also a good news, because the securities market has experienced a similar step-by-step process in the early days. And in the past, the investment market has gone through the way of the 28-year conversion.
Now the bitcoin market is in a high position adjustment. As long as the long-term holders of the currency are in a good state of mind, they are not afraid of the bull market adjustment. The short-term investors can make the market faster and faster with the shock. The market may also be similar to the two-eighth conversion to guide the small currency to rise. It is recommended that the currency of the bottom-selling is limited to EOS, BCH and other major currencies such as EOS and BCH.
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