My view on the current market is very subjective and is for reference only.

Q: The recent trend is very similar to the daily decline after 5.19. When do you think it will bottom out and rebound?

A: It feels different from 5.19. In essence, it is all deleveraging. 5.19 was a big correction and a big crash after the outbreak of all tracks. The recent deleveraging is just before the rise. 90% of the cottages have not risen much, but just started to rise a little bit.

Q: Then when do you expect it to reverse? I see that the leverage holdings are very low now. When do you predict that this downward trend will reverse?

A: Now wait for BTC to lead the next round of cottage market. According to historical rules, it fluctuated for a month from December to January 2020. It has been adjusted for 13 days now. If it fluctuates for another half a month, it is estimated to be about the same. #BTC挖矿难度创新高 #SUI、OP大额解锁 #本周微策略是否继续增持BTC？ #ATA涨势分析 #GMT热度飙升