Market Analysis: BTC fell below the 60-day cost line for the first time since February 18, and the adjustment risk is still very large.

According to OKEx quarterly contract data, the closing price of the Bitcoin quarterly contract fell below the 60-day cost line yesterday, closing at $9369.95. OKEx analyst Charles believes that the 60-day cost line is the mid-term strength and weakness boundary. After the break, it means that the medium-term trend has a huge risk of weakening. Moreover, from the current situation, when the price of the currency breaks through the 60-day cost line, the transaction volume is significantly enlarged, indicating that the active selling power in the market is strong, and the continued adjustment in the later period is still a high probability event. Do not blindly rush to the bottom. Bitcoin quarter contract day resistance is $9,700 and support is $9,000.