Market Analysis

$BTC : Bitcoin has indeed gone bad from the daily line, with a head and shoulders trend. It will take a period of adjustment in the short term. If it cannot recover above 69,500 in two weeks, it may re-verify the support near 58,000 or even 52,000. Of course, it is now in the bull market stage. If there is a spike, remember to collect the goods. Don't be afraid. For investors, this is an opportunity. In the short term at the 4-hour level, although it was supported near 64,500 after a day of adjustment yesterday, there was no increase in volume at the bottom. This support is relatively weak. The rebound strength will continue to be observed in the future.

$ETH : The exchange rate finally broke 0.05. There have been various unfavorable news about FUD and ETF recently, and Bitcoin will enter the halving market soon, so weakness is inevitable, and it will be difficult to get out of the market in the short term. However, in the long run, the ETF will definitely pass in the end. In addition, the cumulative quantitative change of the beacon chain’s pledge will undergo a qualitative change. In addition, the community consensus and TVL are still the strongest, so there is no need to worry about the long-term value return. Besides, Bitcoin has reached a new high, but ETH has not yet reached a new high, so there is still a lot of room in the medium and long term.