Market analysis

$BTC : Bitcoin, I said yesterday, if it effectively falls below 68700, the short-term rise will temporarily come to an end, and then there will be a period of continuous adjustment. Although the current 4-hour level has not closed, it appeared when I was writing the morning report. In the falling market, if the market cannot quickly recover above 69,500, then the view from yesterday is still that it will enter an adjustment period in the short term, and then continue to verify support offline. No matter how the short-term trend changes, we are still in a bull market cycle. Just hold the spot and stay away from the contract, because there are also plummets in the bull market, so be careful of risks. In addition, when the market is unstable, it is necessary to hold back when chasing copycats. If the market continues to correct, it will not be easy for all copycats.

$ETH: Continuing to follow the decline of the market, the exchange rate against BTC fell below 0.05 again this morning, and then rebounded. Although there is some support, the trend is obviously weak, and the probability of a short-term trend is very low.