On February 26, the 10-year U.S. bond yield broke through the key point of 1.5%, reaching 1.61% in intraday trading, the highest point since February last year, triggering turmoil in global risk assets. For the financial market, the rise in interest rates means that asset allocation needs to be "big shift". Affected by this, traditional financial market assets such as US stocks and gold have all fallen, and Bitcoin has also fallen one after another. In the early hours of yesterday, Bitcoin adjusted to a new low and rebounded. It is still inside the structure. Follow-up attention will be paid to whether the structure can be broken.

BTC/USDT review analysis

As shown in the figure, since the last report, Bitcoin has been suppressed by the anti-pressure line (yellow dotted line in the figure), but it did not rebound and stopped falling near the lower edge of the first support zone drawn in the figure at 43,000, which is the lower rail of the falling wedge structure , there is currently a rebound within the structure, focusing on whether the rebound can break through the upper rail suppression of the wedge-shaped structure. If it breaks through, the target will be 48400 and 52000; the short-term support area around 43000-44000 has been tested three times, and the effectiveness is greatly reduced. The effective support below still focuses on the blue rectangle range 37800-39400 at the bottom of the chart.

ETH/USDT review analysis

ETH/USDT review analysis

Ethereum is linked to Bitcoin, but the trend is weaker. The exchange rate against Bitcoin has dropped from a high of 0.046 to 0.03, a drop of 35%. As shown in the figure, Ethereum also hit an adjustment low in the early hours of yesterday, and just stopped falling near 1300, the lower edge of the support area drawn in the previous report. It is currently rebounding to the downward trend line, and follow-up attention is paid to the trend of Bitcoin; the bottom is still Focus on the strong support near 1000.

As shown in the figure, the convergence level of UNI continues to expand, and the volatility continues to decrease similarly to Bitcoin. However, the difference is that while Bitcoin hit an adjustment low, UNI did not hit a new low, and it was in the first support zone in the previous report. The upper edge stopped falling near 20, which was particularly strong among mainstream currencies. At present, UNI also rebounded to the downward trend line, follow-up focus on whether it can effectively break through; the effective support below still focuses on the bottom blue rectangle range 16.6-17.7 in the figure.

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