After the U.S. Securities and Exchange Commission accused Binance of selling unregistered securities, the market collapsed. The market fell directly below the 25800 line, the lower edge of the previous box, and the short-term market quickly entered a downward pin market. Almost all the long chips were swept away, and the current situation is In the sideways adjustment, in the short term, we will see whether the bottom is successful. If successful, there will be a chance to stand above 26,500 again, otherwise we will see 24,000.

The daily level closed the big negative line yesterday, directly retracting all the previous gains, directly falling below the MA120 daily line, the K line penetrated the lower Bollinger track, the 4-hour Bollinger Band was forcibly opened, and MCAD increased its volume and went downwards. Operationally, it is recommended to go long on light positions around 25,400, with a target of 25,700-26,000, and short on light positions near 26,000, with a target of 25,600-25,300.