Market analysis: bull market is not bad, bear market is not good

At 8:00 on November 22, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was reported at 687.80 points. It fell 6.20% in the past 24 hours, with a turnover of 47.247 billion US dollars. The turnover increased by 10.76% compared with the previous 24 hours. Five of them rose and 95 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 602.75 points, down 6.22% in the past 24 hours, with a turnover of 38.243 billion US dollars. The turnover increased by 11.38% compared with the previous 24 hours; the Bitcoin Bubble Index ( The BBI index was reported at 78.68 points, down 2.31% in the past 24 hours; the USDT OTC Index was at 100.13 points, up 0.55% in the past 24 hours. In the past 24 hours, the market was fierce, falling from 8100 to a minimum of 7400, and now holds 7500. The recent bad news is the title, the red-headed file frequently. The positive is the listing of Jianan US stocks. Although the stock price has opened higher and lower, more blockchain enterprises have entered the traditional financial field of vision. The bull market is not bad, the bear market is not good, the current price of the pie returns to the point before the news broadcast on October 25. If the price falls below 7000 in the future, it may be a double blow at the technical and psychological levels, leaving little time for the long.