The following is a logical analysis . There is no investment suggestion. The currency market is risky and needs to be cautious.
In the bear market, there are two main premises: one is that the BTC is stabilizing or in a stage of rising channel, and the other is the strong signal of the token itself.
First analysis of the money king BTC, BTC from July 25th began to fall back, July 31st volume break 15 day average, the volume of today's volume began to shrink, as of now, BTC rose 0.47%, the highest point in the day $7090, the lowest point $6884. On the technical side, the platform $6800--$6900, which just broke in July 17th, is supported. Today's volume contraction can be interpreted as a consistent sign of long bearish stop, therefore, this is an ideal background condition.
In view of the recent ETC, the first short line selection of a strong currency is the premise, ETC in August 3rd, the volume of steady growth has a obvious short line of strong features, mainly ETC near the $14 support is very strong. In August 2nd, with the re tuning of BTC, other tokens also fell a lot less, and ETC received red cross, many relative. More strong, today BTC slightly stabilised, ETC obviously has the trend of attack, therefore, the short line can be estimated to do more wave, half warehouse buy, stop loss line in $14.
