As mentioned in the previous report, the market continued to fluctuate in the range after the structure was broken. The bearish sentiment was generally serious yesterday, and even some contract platforms once had a negative fee rate state, but even if it was killed last night, it did not break the new structure. , the volatility continued to remain at a low position within the month. Today, the chairman of WSB (WallStreetBets, a forum where retail investors gather in the United States) tweeted that Bitcoin, although there has been a rapid rebound in the short term, is weak and unsustainable. It is expected that the next 2-3 days The state of range shock will continue, and the DeFi series of value coins may further attract funds.

BTC/USDT review analysis

As shown in the figure, following the oscillating arrangement of Bitcoin in the predetermined range as mentioned in the previous report, it rebounded to the anti-pressure line and the resonance range of the supply zone and was effectively resisted, and then quickly fell to the hour-level support zone around 30800 to stop falling. After the rebound The second drop to the upper edge of the mid-term support area near 29,000 stopped falling, which currently constitutes a short-term support. The lower edge looks at the lower edge of the support area near 27,900; Weak, but we still need to pay attention to the possibility of a structural upward break; medium-term pressure is still concerned about the 35,000 line.

ETH/USDT review analysis

As shown in the figure, Ethereum fell twice after being blocked from the previous high. The first time it stopped falling at the upper edge of the support zone near 1250, and the second time it stopped falling at the lower edge of the support zone near 1200; the first rebound after the new high The high point around 1350 constitutes a short-term pressure level, and in the medium term, we still look at the vicinity of the previous high (purple rectangle range); the short-term support (cyan rectangle range) around 1200-1250 has successfully resisted multiple declines, but the effectiveness is also weakening. Support strength, still pay attention to the 1000 integer in the medium term.

DOT/USDT review analysis

As shown in the figure, Polkadot funds were relatively strong in the early stage. Recently, the popularity of funds has been diverted by the DeFi series of currencies. Although the popularity of Polkadot has declined slightly, it is still not a short-term hot currency. In the short term, Polkadot may continue to oscillate in the rectangular range. You can refer to the upper and lower edges of the rectangle to sell high and buy low. You can keep the bottom position to prevent flying sales; in the medium term, you should still pay attention to the support range around 12.9/10.8 below.

This article is for reference only and does not constitute any investment advice