The data shows: The key to whether BTC's short-term rebound can break through the $ 9700 ~ $ 9850 area or whether the adjustment is over.

According to the OKEx spot display, as of the start of the European session, BTC temporarily reported $ 9788.2 (1.56%). Yesterday, BTC broke back to $ 9,500 in a short time, and once again stood above $ 9,700 this morning. It is currently consolidating with the day. OKEx analyst Neo believes that the stability of the currency price near $ 9700 can reflect the strong acceptance of the bulls in this position to a certain extent. However, the area of ​​$ 9700 to $ 9,850 still has a considerable amount of chips. See, the possibility of breaking through the area during the day is less, and investors can pay attention to whether a heavy volume pattern will appear at night. It should also be noted that the downside of BTC has extended to around 9,500 USD, so there is no absolutely solid bottom at this stage. You can wait for the currency price to pull back and stand MA (30) to find entry opportunities. Risk Warning: There are risks in entering the market, and investment should be cautious.