BTC：

From the weekly chart, there have been two consecutive negative lines. Last week, the weekly line closed with a real negative line, with a total decline of 10%, which is in line with the expected trend. This week, it is highly likely that the closing line will be a negative line. From the daily chart, the overall trend is still in a volatile downward trend. The K line has been going down against the 7-day moving average of the daily line, and hit a new low in this decline in the morning, breaking 63,000 points.

The four-hour line fell by more than 1,000 points. The intraday market is mainly high-altitude. The rebound continues to be bearish. Focus on the 63700-64200 range on the top, and focus on the support near 62500 on the bottom. At the same time, 62500 is the strongest resistance level of Fibonacci, the 61.8% retracement line, beware of the rebound at this position!

ETH: From the weekly chart, it has been negative for four consecutive days, and closed with a big negative line last week, with an overall decline of 10%. From the daily chart, the overall trend is volatile and downward. The risk of shorting ETH is that the rebound is relatively strong.

The intraday market is conservative and mainly high-altitude. Focus on the 3440-3470 range on the top, beware of a spike near 3490, and fall below 3380 on the bottom. In the short term, look at around 3260.

For cottage industries: focus on cottage industries that were relatively resilient last week, especially those with strong rebounds. They may make up for the declines this week. For those who are trapped in cottage industries, you can find short positions with low leverage contracts at high levels for a short period of time to achieve hedging and arbitrage!

TON: From the 4-hour line, it has formed a W-shaped K-line combination pattern. Today's decline exceeds 3%, which can better open the short trend. At present, the operation is mainly conservative. The short orders entered near 7.7 last night can try to hold them, waiting for the bears to give stronger signals!

Why is Xiao Miao optimistic about TON? Let’s take a look at the unique features of TON:

While the overall market is slightly weak and major altcoins are falling back, TON has shown a different kind of strength, with its price remaining above $7. Recently, the outbreak of the TON chain game NOT has attracted much attention to the TON ecosystem, making it the biggest dark horse at the moment. As of the time of writing, TON's market value has surpassed Dogecoin, ranking eighth, and it is also the sixth largest public chain token by market value.

At present, the TON team is constantly optimizing its technical architecture and striving to find the best balance between performance and scalability. At the same time, they actively promote the development of the ecosystem and attract many developers to join. At present, 858 projects have been integrated into the TON ecosystem. It can be foreseen that in the near future, the TON chain will usher in a more prosperous scene.

That’s all for today’s article. We are currently in a bull market, and the situation is turbulent. We have passwords to share every day.