Data: Bitcoin loses important support level, not suitable for long-term large-scale position opening

At 8 o’clock on March 8th, Beijing time, the ChaiNext 100 index reflecting the overall trend of the cryptocurrency market was reported at 830.11 points, down 3.51% in the past 24 hours, with a turnover of US $ 79.502 billion, and the transaction decreased by 7.37% compared to the previous 24 hours. Ten of them rose and 90 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies at the broader market, reported 716.46 points, a 3.35% decline in the past 24 hours, and a turnover of US $ 64.621 billion, a decrease of 9.38% over the previous 24 hours. The Bitcoin Bubble Index ( BBI index) was reported at 80.84 points, down 1.00% in the past 24 hours; the USDT OTC Index (USDT OTC Index) was reported at 101.97 points, up 0.30% in the past 24 hours. BTC changed overnight, starting at 0am on Women's Day. The important support level of US $ 8900 we reminded the day before yesterday has broken below and has now returned to the price starting with 87. At present, the K line is relatively ugly, and it is not suitable for long-term large-scale positions.