Market Evening Operation Analysis:

The cryptocurrency had a low point of 66500 at 8 AM and then started to rise by 1200 points, but relative upward movement became weak, leading to a downward trend. The typical rhythm of high-level distribution by the major players is often more exciting in the evening than during the day.

BCH reached a high of 378 yesterday and then began a continuous decline. Despite the drop, from the 4k line, it has not yet left the oscillation range and is about to start a new trend.

Li Chen believes there will be a small upward movement before a significant decline starts, preparing for a weight reduction before the upcoming elections. BCH was increased by 3.5 times, and this time it is recommended to exchange it for Yuan.

BCH Short Position Strategy: Short near 364-369.

First tier target at 356-359, second tier target at 345-349.