ChaiNext: Weak shock, beware of pins

At 8 o’clock on July 21, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 848.66 points, down 1.16% in the past 24 hours, with a turnover of 30.84 billion US dollars, an increase of 1.24% over the previous 24 hours. The index component tokens Among them, 37 rose and 63 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 720.96 points, down 0.77% in the past 24 hours, with a turnover of 22.462 billion U.S. dollars, an increase of 0.20% over the previous 24 hours; Bitcoin bubble index ( BBI Index) reported 73.77 points, down 0.19% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 99.54 points, up 0.38% in the past 24 hours. BTC continued to fluctuate in a narrow range at the end of the triangle, and did not rise in conjunction with US stocks yesterday, but the overall technical pattern is still biased towards bulls. Due to the bottoming of volatility and insufficient trading volume, the possibility of pin insertion and lure market increases, so we need to be vigilant.