The situation of Bitcoin bulls mentioned yesterday is not optimistic. The short-term focus is around 62,000 points, and the lowest point this morning was 62,111 points. The daily line has risen and fallen for two consecutive days, leaving a long upper shadow line and closing with a negative line, which indicates that the locked-in disk near 64,500 points has increased again. The short-selling force has once again gained the upper hand. In the short term, the support level below the price of Bitcoin is 60,000 points and 58,000 points, while there is pressure above 64,000 points. In terms of operation, it is mainly short-selling at high levels. The resistance levels of 63,200 and 63,650 points are concerned.

Regarding Ethereum, it was mentioned yesterday that the overall trend was dominated by shorts. The focus point above was 3117, and the highest point yesterday was 3129, and it fell below 3,000 points this morning. From the technical perspective of the daily line, the overall trend is obviously bearish. In the short term, the focus is on 3150 points above and 2900 points below, while the focus is on the resistance levels of 3050 and 3080 points above. In terms of operation, short selling at high levels is the main focus.

As for altcoins, the FET in the artificial intelligence sector mentioned yesterday rushed to the 2.5 position again and then fell back. It is not recommended to pay attention to it in the short term. It can be shorted under appropriate circumstances. For altcoins that rebounded significantly this month, if you are a short-term trader, it is recommended to reduce or clear your position. For medium- and long-term value investors, you can ignore the small fluctuations in the middle.

In this wave of market, Bitcoin rose from 15,000 to 73,000 and is currently corrected to the current position. The market during this period can be regarded as the whole market, so what will happen next? The possibility of a decline is very small. According to the wave theory, there may be a wave of 50,000 points. In other words, Bitcoin may break through 110,000 points in one fell swoop in the next six months. I hope everyone can keep a long-term perspective and not be confused by short-term fluctuations.

After being trapped, some investors began to lose control of their emotions and operate frantically, trying to recover their losses through their own wisdom. Whether you are a novice investor or a veteran in the circle, this kind of crazy operation is not advisable, because this path will only lead to failure. There is no hope of survival. Everyone must recognize their own position and not overestimate themselves. Even Buffett would not do such an operation. Recently, some people claim that the era of long-term investment is over and the only way out is through short-term arbitrage.This is pure nonsense, don't believe it.