The crypto market suddenly fell as a whole, and the market value shrank in a short period of time. Although we have observed that there is no obvious outflow of funds at present, the reduction in market value has caused the existing funds to wait and see in the market. Tomorrow is the weekend, and funds leave the transaction in advance and take a wait-and-see attitude, which seems to indicate that the market is not optimistic about the current trend.

In fact, the market does need new stories and heat to drive the development of the market. If the US stock market performs well tonight, it may lead to the outflow of US funds in the short term. However, the technical support and resistance levels of Bitcoin that we updated yesterday are still of reference value. As long as they are not broken, it will be fine.