Market analysis:

A phased bottom has appeared, and the possibility of a short-term V-shaped reversal is small.

Judging from historical data, every major drop is usually accompanied by huge trading volume and a large number of contract liquidations. Therefore, based on the current data, the market may have reached a stage bottom. However, a V-shaped reversal is unlikely in the short term.

Impact on global stock markets

The crypto market is now heavily influenced by global stock markets, especially U.S. stocks. U.S. stocks rebounded yesterday, and the crypto market followed suit. Therefore, we should pay attention to the dynamics of U.S. stocks in the short term, as it is difficult for the crypto market to see independent trends.