This weekend, BTC dropped to around 35,000 for the first time after stabilizing briefly in the support range of 37500~38,000. However, after a few hours of consolidation, it failed to initiate an effective rebound. Instead, it continued to increase in volume on Sunday afternoon and fell below 33,000. .

After the rebound this morning, the bulls were weak again after just standing above 36000. They have now fallen below the first-line support of 34700 for a short time, and there is a possibility that they will continue to test 33700 or even 33300. Ouyi Investment Research believes that after the recent trend rebounded to 41,000 and blocked the downward trend, the reason for the failure to start an effective rebound was also to some extent due to the closure of a large number of mines, which led to absenteeism and panic selling and cashing out to fill the cost. It can be proved by the continuous record low of BTC’s entire network computing power. Investors are advised to be cautious about the strength of the rebound in the near future. Before the shortcomings are exhausted, they should pay attention to whether there is a stop-drop pattern above 33300 in the near future.

The resistance level of ETH can be temporarily focused on 2280, and the support level can be directly seen to the 2000 integer mark. SOL has fallen sharply and is now close to the test 31.3 support. If it breaks below, it is likely to continue to test 29.8. Resistance can be focused on 34.6 for the time being. The resistance above the DOT will focus on 20 and 21 for the time being, and the support will focus on 18.8.
According to data from CoinGecko, an international third-party statistical agency, the 24-hour contract transaction volume of the Ouyi OKEx platform is 19.2 billion US dollars. Risk Warning: There are risks in entering the market, and investment needs to be cautious.

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