Analysis: Bitcoin continues to struggle, 8000 positions continue to be under pressure

At 8:00 on October 20th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was reported at 717.39 points. It fell 0.01% in the past 24 hours, with a turnover of 30.93 billion US dollars. The transaction volume decreased by 13.32% compared with the previous 24 hours. Of the 43 rises and 57 declines; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 634.89 points, down 0.04% in the past 24 hours, with a turnover of 25.789 billion US dollars, a 14.08% decrease from the previous 24 hours; the Bitcoin Bubble Index ( The BBI Index reported 81.61 points, up 0.29% in the past 24 hours; the USDT OTC Index reported 100.50 points, up 0.07% in the past 24 hours. Bitcoin tried to attack the top of the 8000 yesterday, but unfortunately, after a needle was hit, the kinetic energy was insufficient, and then it fell back to the previous low. Other currencies are mainly linked, with slight differences in volatility and overall downwards.