The FTX incident continues to cause panic. Today, 370 million U.S. dollars of coins were stolen from FTX and the market was smashed. It is said that there is still thunder (cropto.com) to detonate. The chaotic situation is a bit out of control, cz has always been short, and the board is indeed not strong. Comparing it horizontally, the U.S. stock market is indeed strong. The currency circle has fallen independently. After a good game of chess, it was overthrown.

The current market situation does not belong to the category of technical aspects. Once the news changes, the trend will change immediately, and the market may even change because of someone's words. So technical analysis is of little use.

But it still needs to be analyzed, which is considered a hard analysis. The market rebounded and broke through 18190, which is an important resistance. Yesterday, it pulled back twice to 16361. It followed a triangle consolidation during the day. Now it can barely be considered a breakthrough, but it is not strong.