Analysis: The market rebound is weak and needs to be adjusted

At 8:00 on November 10th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was reported at 796.03 points, up 0.84% ​​in the past 24 hours, with a turnover of 38.708 billion US dollars. The transaction volume decreased by 30.64% compared with the previous 24 hours. Among the 74 rises, 26 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, was 696.35 points, up 0.70% in the past 24 hours, with a turnover of 30.807 billion US dollars. The turnover was 33.78% lower than the previous 24 hours; the Bitcoin Bubble Index ( The BBI index is at 83.61 points, up 0.17% in the past 24 hours; the USDT OTC Index is at 100.05 points and has fallen by -0.00% in the past 24 hours. Bitcoin rebounded from the mid-day bottom of the day, but the rebound was weak, and after rebounding, it failed to stand high and returned to the low position again. The rebound of other mainstream currencies is more obvious, but the overall situation is still weak, and the market is still dominated. Since the current rebound is weak, then the market may be a weak market in place of the rebound. Continue to the low-priced spot chips. If there is no obvious rebound in the current position, there may be further downside in the currency price.