ChaiNext: Below the uptrend channel

At 8 o’clock on March 28th Beijing time, the ChaiNext 100 index reflecting the overall trend of the cryptocurrency market was reported at 562.80 points, down 8.62% in the past 24 hours, with a turnover of US $ 64.590 billion, and transactions decreased by 0.93% from the previous 24 hours. Eight of them rose and 92 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency in the broader market, reported 490.84 points, down 8.89% over the past 24 hours, with a turnover of US $ 52.513 billion, a decrease of 2.52% over the previous 24 hours; the Bitcoin Bubble Index ( BBI index) was reported at 72.51 points, down 3.49% over the past 24 hours; the USDT OTC Index (USDT OTC Index) was reported at 103.65 points, up 1.99% over the past 24 hours. BTC failed to continue the habit of rising on the previous weekend, and began to persuade after hitting strong resistance in the $ 6900 area on Friday morning. Today, at 7 o’clock, it has rapidly retreated by 6%. It has fallen below the lower edge of the uptrend channel, and the short-term trend is not optimistic.