Market analysis:

BTC: Yesterday, the price of Bitcoin fell after hitting a high. The daily chart closed with a long upper shadow line. For Bitcoin, the price did not recover above the 200-day moving average, and the medium-term trend is still bearish. Yesterday, the price tested the 200-day moving average again and fell back. As a turning point of the medium-term trend, the 200-day moving average should not be able to go up so quickly. Yesterday's fall did not affect the short-term small range fluctuations. Today, just focus on the 58,000 support. During this period, I have been telling you that the strategy of buying on dips remains unchanged. Yesterday's fall can be considered to be built first. 58,000 can be entered with a light position first. The next one is 55,000, and the entry is staged. For those who want to take the 58,000 contract, light positions with stop loss, stop loss at 57,400.

In addition, when the price approaches 61,500, it is not advisable to chase orders, because when there is no obvious direction, 61,500 is the high point of the fluctuation during this period, and it is also close to the medium-term pressure level.

ETH: Yesterday, Ethereum hit a new high in the past few days and then fell back. The highest price was close to 2800. The daily chart closed with a small negative line with a long upper shadow. Ethereum finally came to the mid-term turning point pressure, but it will not be able to break through so quickly. It is normal to fall back. In the later period, everyone will continue to pay attention to the 2850 price. Only by recovering this position can the mid-term weak trend be changed. Yesterday's fall did not affect the recent upward shock. For spot traders, the fall is the opportunity to build a position. In stages, 2620 will be a light position first, and the next one is around 2450. If you want to buy a contract, remember to bring a stop loss, stop loss 2590.

In addition, when the price approaches above 2700, it is not advisable to chase orders, because when there is no obvious direction, 2700 is the high position of shock during this period, and it is also close to the mid-term pressure level.

Yesterday, the Bitcoin ETF saw an outflow of $13.89 million, and the Ethereum ETF saw an outflow of $5.3 million (excluding BlackRock data). The outflow was mainly from Grayscale, while other institutions mainly increased their holdings.