Market summary:
For the current market situation, the shrinking rise represents that the market sentiment is gradually warming up. As of now, the sentiment of Bitcoin production reduction has not been hyped, so there are still opportunities.
At the same time, in the current Bitcoin rebound, we need to pay attention to the breakthrough of resistance. If the resistance level cannot be successfully broken, it will fall again and then rebound again. This trend will indicate that there will be a wave of extreme market conditions in the near future. This is the result brought to us by the technical side. At the same time, if the rebound cannot break through the previous high of the daily line, and the decline cannot fall below the previous low, it proves that the market shock range is compressed, and the sentiment needs to explode after accumulating strength.
Therefore, for contract users, it is necessary to operate more cautiously in the near future.
As for the spot, before the Bitcoin halving lands, it is difficult for me to find a full use of the bearish market, and Ethereum's strength today, coupled with the activeness of the cottage part, may bring more opportunities to retail investors in the market. So before the Bitcoin halving lands, we just hold positions and wait for the results.
In this round of bull market, Bitcoin ecology will be an important theme, and some blockchain projects driven by US capital will also burst out with good power. If there is no substantial progress in technology, people who are disappointed with technological innovation may once again promote the meme sector.
