The short-term trend is relatively transparent. Below the major resistance level, the gaps of the 3-day and 5-day levels have been filled. Such a major level of support will certainly provide buying pressure, as even if the trend remains unchanged, the market makers cannot allow holders to comfortably float in profits.

In observing the macro market trends, yesterday the ETF outflow stopped, and institutional holdings have stabilized under the influence of technical factors. Meanwhile, the recent sell-off of over 12,000 units in Mentougou has come to an end, with only about 30,000 units remaining from the previous round of payouts. Therefore, completing the technical corrections in this round in the short term is not an issue, but we still cannot remain optimistic. There is still the matter of interest rate adjustments in March, and currently, it seems unlikely that there will be a rate cut. Often, such data can only be either good news or bad news, so we need to remain patient about the bottom.

Thus, the upper target is very clear. The immediate short-term resistance above is at 83742, and then at 86063. The probability of breaking through these levels is quite low, but if this level is breached, we could see above 88000. Below, we set targets at 82167 and 81163 for considering long positions. The situation with Yitai is quite obvious; we follow the repression. There is support at 1890 below, while we look at around 1955 above. If that level is broken, we can consider looking at around 2000. #MtGox钱包动态 #加密市场反弹