Bitcoin, Ethereum, Dogecoin rebound after weekend bloodbath: Why this trader sees crypto plunging 25% more
Bitcoin, Ethereum, Dogecoin rebound after weekend bloodbath: Why this trader sees crypto plunging 25% more
$Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ traded above key psychological levels on Monday evening after slipping below them over the long holiday weekend. The global cryptocurrency market cap rose 1.1% to $906 billion.
$比特币(BTC.CC)$和$以太(ETH.CC)$在漫长的假期周末跌破关键心理水平后，周一晚间交易价格高于关键心理水平。全球加密货币市值上涨1.1%，至9060亿美元。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | 0.65% | -9% | $20,504.76 |
| Ethereum (CRYPTO: ETH) | 0.7% | -7.6% | $1,119.88 |
| Dogecoin (CRYPTO: DOGE) | 0.02% | 9.9% | $0.06 |
| 钱币 | 24小时 | 7天 | 价格 |
|---|---|---|---|
| 比特币(密码：BTC) | 0.65% | -9% | $20,504.76 |
| 以太(加密：ETH) | 0.7% | -7.6% | $1,119.88 |
| 道格考因(Dogecoin)(密码：Doge) | 0.02% | 9.9% | $0.06 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Synthetix (SNX) | +57.8% | $3.23 |
| 1inch Network (1INCH) | +20.5% | $0.69 |
| Arweave (AR) | +18.2% | $10.13 |
| 加密货币 | 24小时百分比更改(+/-) | 价格 |
|---|---|---|
| 合成(SNX) | +57.8% | $3.23 |
| 1英寸网络(1英寸) | +20.5% | $0.69 |
| Arweave(AR) | +18.2% | $10.13 |
Why It Matters: Cryptocurrencies were buoyant on Monday evening along with other risk assets after Bitcoin and Ethereum dipped below the $20,000 and $1,000 levels over the weekend.
为什么这很重要：周一晚间，在比特币和以太上周末跌破2万美元和1000美元的水平后，加密货币和其他风险资产一起走强。
The two largest cryptocurrencies by market cap touched respective lows of $17,708,62 and $896.11 over the weekend.
上周末，这两种市值最大的加密货币分别触及17,708，62美元和896.11美元的低点。
The $S&P 500 index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures were both up more than 1% at press time.
这个$标准普尔500指数(.SPX.US)$和$纳斯达克100指数(.NDX.US)$截至发稿时，这两种期货的涨幅均超过1%。
Recession fears have become entrenched in the market. Inflation has gone from being a primary concern to the sole one, according to OANDA senior market analyst Craig Erlam.
对经济衰退的担忧已经在市场中根深蒂固。OANDA高级市场分析师表示，通胀已从主要担忧转变为唯一担忧克雷格·埃拉姆。
The hope now is that any recession will be mild and brief but the situation is evolving so rapidly, that it's hard to know with any real certainty."
- wrote Erlam in a note.
现在的希望是，任何衰退都将是温和和短暂的，但情况演变得如此之快，以至于很难确定任何真正的答案。
-埃拉姆在一张纸条上写道。
Erlam noted Bitcoin's quick dip below the $20,000 mark and said it was a much-touted critical level.
埃拉姆指出，比特币迅速跌破2万美元大关，并表示这是一个备受吹捧的临界水平。
"The HODLer mentality is really being put to the test and those that haven't bailed yet may be as tempted as they've ever been."
霍德勒的心态真的受到了考验，那些还没有被保释的人可能会像以往一样受到诱惑。
Investors will look out for the U.S. Federal Reserve Jerome Powell's presentation of the Monetary Policy Report to Congress in the fresh and truncated trading week.
投资者将关注美国联邦储备委员会杰罗姆·鲍威尔的在新的和截断的交易周向国会提交货币政策报告。
Glassnode said the Bitcoin market underwent a "massive deleveraging event" this week putting pressure on miners, long-term holders, and the aggregate market.
Glassnode他说，比特币市场本周经历了一场“大规模的去杠杆化事件”，给矿商、长期持有者和整体市场带来了压力。
The falling dominoes of the current bear market are advancing to a new phase. Alongside miners, Long-Term Holders are now beginning to feel the pressure, forcing many of them to sell at an accelerating rate."
- said the on-chain analytics company in a weekly blog post.
当前熊市中不断下跌的多米诺骨牌正在进入一个新阶段。除了矿商，长期持有者现在开始感受到压力，迫使他们中的许多人加速抛售。
-这家链上分析公司在每周一篇博客文章中表示。
Glassnode data indicate that long-term holder supply fell by 178,000 BTC over the last week, which equals to 1.31% of their entire holdings.
Glassnode的数据显示，长期持有者的供应量在过去一周下降了17.8万BTC，相当于其总持有量的1.31%。
Market sentiment continues to remain marred by "Extreme Fear," according to Alternative.me's "Crypto & Fear Index."
根据Alternative.me的“Crypto&Fear Index”，市场情绪继续受到“极度恐惧”的影响。
Cryptocurrency trader Justin Bennett said on Twitter that the current "bounce" appears to be weak and could be another "bull trap" before we see the next round of selling.
加密货币交易员贾斯汀·班尼特他在推特上表示，目前的“反弹”似乎很弱，在我们看到下一轮抛售之前，可能是另一个“牛市陷阱”.
The analyst said the total cryptocurrency market capitalization could touch $670-$730 billion before a relief rally takes place.
这位分析师表示，在出现释然性反弹之前，加密货币的总市值可能会达到6700亿至7300亿美元。
The lower number put forward by Bennett would imply the market cap declines another 26.05% from current levels.
贝内特提出的较低数字意味着市值将比目前水平再下降26.05%。
Michaël van de Poppe said the apex coin needs to clear resistance near $20,500 for a continuation towards $23,000.
米夏埃尔·范德波普表示，顶端硬币需要清除20,500美元附近的阻力，才能继续向23,000美元迈进。
The trader said if Ethereum holds $1,085 levels, he's assuming we'll be seeing $1,250 next.
这位交易员表示，如果以太守住1,085美元的水平，他预计我们下一步将看到1,250美元。
