In recent days, leading assets in the global market, such as US stock Tesla and A-share Moutai, have undergone adjustments to varying degrees, and Bitcoin has also collapsed, falling by more than 22% from the high point, but then accelerated its rise, resembling a "V turn." , It is almost in sync with the US stock market, and we still need to be cautious about risks. During the decline of Bitcoin, there were frequent negatives. For example, U.S. Treasury Secretary Yellen said that "Bitcoin is used for illegal financing, its application efficiency is low, and it is highly speculative." This shows that the news has a huge impact on the market, and investors should be objective and calm Make a timely response to the impact of news on the market.

BTC/USDT review analysis

As mentioned in the previous report, if Bitcoin falls below the supplementary trend line (yellow dotted line in the figure) and the 54000 line (yellow horizontal line in the figure), it may usher in a major adjustment. There is room for adjustment of nearly 10,000 US dollars. The short-term stop around 44,800 can be regarded as a short-term support level. The effective support below is to pay attention to the bottom blue rectangle range of 37,800-39,400 in the chart; the current Bitcoin has returned to above 50,000. If it stands firm in the chart The yellow oblique trend line (solid line) may further impact near 54000.

ETH/USDT review analysis

ETH/USDT review analysis

The morphological structure of Ethereum and Bitcoin is similar, both appearing in the form of "V turn". The first downtrend the day before yesterday was at the position of the blue rectangle drawn in the previous report at 1550, which effectively stopped the decline. The second downtrend yesterday hit a short-term low of 1355 and stopped at this position. The vicinity of this position can be regarded as short-term support, that is, the blue rectangle in the figure. The colored solid line rectangular interval is 1300-1370; the upper short-term pressure focuses on 1730-1770 near the upper edge of the supply column (the orange rectangular interval in the figure).

As shown in the figure, UNI has the strongest rebound among the mainstream currencies. It has a rebound space of 44% from yesterday's low point to the current one. It is currently at the resonance position of the downward trend line and the supply zone, and there is a large resistance. If it breaks through, the target position will be seen. To the previous high; for the short-term support of UNI, look at the ice line position of 23.8 in the previous period, and pay attention to the support strength near the falling low point of 19 below.

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