Hello everyone, today I'll share my thoughts on several coin trends.
These types of articles are expected to be updated weekly, usually Sunday.
Let's get started!
**View of the entire market**
Let me talk about my views on the entire market first.
Obviously, the market reached a peak in November. Huge funds and many crazy people led almost all coins to grow by multiples, but this is obviously the market is overheated, a crazy market, can we trust that is not overvalued? Of course not!
So after the Fed decision to raise interest rates, the money will be greatly reduced for a while, and we are not even sure how much will come back.
Under the influence of capital outflow and people's fear, the market will enter a bear market, which can be said to calm down. Perhaps this should be the time to really start investing.
**BTC Analysis**
**<center>Draw by TradingView in Binance</center>**
BTC continued to fall from $69,000 on 11/10, which can be considered as a precursor to market cooling. During the decline, there were supports at $56,000, $46,000, and $41,000 for a few days, but obviously the selling pressure was still huge, and the support continued to decline.
I personally think that this may bring the price of BTC back to the price of half a year ago, which is about $30,000, and there is no obvious sign of rebound now. It is not recommended to enter the market.
**ETH Analysis**
**<center>Draw by TradingView in Binance</center>**
As the second largest currency in the market, ETH obviously cannot escape the influence of BTC on the market. Although the price of the currency rebounded to $4,700 on 12/1 after the decline on 11/10, it is still unavoidable to fall.
Although ETH 2.0 is gaining momentum, I personally don’t think it can save the currency price in the short term, maybe it will be reflected in a few months, but not now, at worst, it will even continue to fall to the price of half a year ago, which is around $1,700.
**HIVE Analysis**
**<center>Draw by TradingView in Binance</center>**
Although HIVE started to fall on 11/30, it has been stable at $1.4 - $1.2 a few months ago, which is obviously a good phenomenon, but since 1/16, another wave of downward trend has been ushered in, and the currency price has reached $0.8 , based on past history, there may be a lot of support here, but still be careful to continue to fall, if it continues to fall, the next support may be around $0.5.
And I personally think that if it is at $0.8 for a long time, it can be considered to enter the market. It can even be said that as long as the currency price is below $1, I think can continue to buy.
---
**<center>The above is for sharing, not investment advice
please be cautious when investing</center>**
<center>Thanks for reading, see you next time.</center>
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@life-hacker/cryptocurrency-analysis-1)
hiveblocks