Morning market analysis

Although Bitcoin has broken through the 60,000 mark again, the recovery of bullish sentiment in the market is very slow

During the rapid rebound of Bitcoin, the funding fee of perpetual contracts has continued to be negative

From a technical point of view, the strength of breaking through 60,000 US dollars has the conditions for reversal

From the perspective of market performance, the most positive signal of this round of rebound is that Bitcoin's blood-sucking effect is gradually weakening. The last time this happened was after the 3.12 crash

Bitcoin has been fluctuating around 60,000 for a week, and the phased wash is nearing the end. It is expected that the next stage will be able to break through the 70,000 mark

In the last cycle, altcoins entered the bull market 2-3 weeks after the inflection point of the eth/btc exchange rate. If this rule applies to the current situation, the performance of altcoins should not be too bad