Analysis: further rebound lacks price support

At 8:00 on November 17th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 771.62 points, up 0.47% in the past 24 hours, with a turnover of 35.811 billion US dollars. The transaction volume decreased by 28.35% compared with the previous 24 hours. Of the 57, the ChaiNext 5 index reported 672.14 points, the past 24 hours rose 0.41%, the turnover was 28.583 billion US dollars, the transaction decreased by 30.35% compared with the previous 24 hours; the Bitcoin Bubble Index ( The BBI Index was reported at 82.11 points, up 0.11% in the past 24 hours; the USDT OTC Index reported 99.87 points, up 0.03% in the past 24 hours. Bitcoin and other mainstream currencies basically maintained sideways. ChaiNext's large-cap index index rose slightly better than ChaiNext's big-cap market mainstream index, indicating that the sub-mainstream currencies performed on average yesterday. At present, the supervision of bad news has not landed. The previous currencies have had limited declines and did not fully reflect the news expectations. At the same time, the rebound is blocked, and the volume and rising momentum are difficult to support further rebound. If the supervision develops according to the expected route, the sub-mainstream “model” currency and the various altcoins will be hit. Although the mainstream currency will also be under pressure in the short term, it will be beneficial in the long-term digital pass. Bitcoin and Ethereum.