Research report: Multiple negatives prompted BTC to fall sharply, but the basic logic of the bull market remained unchanged

The General Information Institute published a blockchain weekly report today. The report believes that the current round of decline is mainly affected by the following factors: 1. The holding of the selling discs is superimposed and profit-taking. 2. The technical level price has a callback demand; Short-term positives are exhausted. Multiple negatives prompted BTC to fall sharply, but the basic logic of the bull market remained unchanged. On the one hand, the adjustment in the bull market is inevitable, on the other hand, the short-term negative factors have relatively limited impact, and have not changed the basic logic of the current bull market. The full release of risks is conducive to the further development of the long-term market.