I thought it would not be difficult to hand in homework on the weekend, so I kept putting it off. As a result, I am almost exhausted from finishing it now. Fortunately, I can have a good rest on Sunday. The market did not fluctuate too much throughout Saturday and it still maintained a narrow range of fluctuations. This is a very normal thing. The liquidity is already very poor, and it will be even worse on weekends.

The direct result is that the turnover of#BTCon the chain continues to shrink. The main traders are still those who bought the dip in the past two days, especially the profitable investors who are still the main sellers. In addition, the long-term holders' reduction of holdings that we verified yesterday was also confirmed. Next, we will have to see whether it is an isolated event or whether long-term holders have really started to distribute.

The chip concentration area of ​​US$56,500 to US$61,500 is still facing challenges, and the data of short-term holders still needs to be cleaned for a longer time before it can become support. On the contrary, the previous US$64,000 to US$69,000 has not seen a large turnover for a long time, and the early investors are still maintaining a wait-and-see attitude.

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