Data analysis: cautiously optimistic, BTC is likely to consolidate or continue to rebound here

At 8 o'clock on November 30th Beijing time, the ChaiNext 100 index reflecting the overall trend of the cryptocurrency market was reported at 689.39 points, up 3.52% in the past 24 hours, with a turnover of 40.809 billion US dollars, and the transaction increased 4.28% over the previous 24 hours. 95 of them rose and 5 fell; the ChaiNext 5 index reflecting the performance of blue-chip cryptocurrencies at the market reported 604.58 points, up 3.56% over the past 24 hours, with a turnover of US $ 33.143 billion, a 4.44% increase over the previous 24 hours; the Bitcoin Bubble Index ( BBI index) was reported at 79.22 points, up 1.38% over the past 24 hours; the USDT OTC Index (USDT OTC Index) was reported at 99.82 points, up 0.03% over the past 24 hours. Yesterday, bitcoin made a number of breakthroughs at 7500 and finally broke through. At present, it has stabilized in the vicinity of 7800. The overall price pattern and previous oversold prices show that the possibility of a sharp correction again is low, and there is a high probability that it will consolidate or continue to rebound. At present, the market is still cautious about bitcoin, and it shows that the current market is dominated by institutional and professional traders, and the number of general retail investors is insufficient. We will wait and see how the main funds will respond to this situation.