Recently, I have done a 10,000-word research report on L2 in the market delivery stage, mainly focusing on some personal thoughts on the development of L2 level in the future market. From the perspective of the large industry ecology, the Ethereum ecology is currently the most widely covered sector, and Bitcoin applications are still the most potential.

The news market is still relatively cold in the short term. The geopolitical conflict has cooled down a little bit, and the risk aversion demand in the crypto market has been appropriately reduced, and the market has turned cold in the short term. However, from a cyclical perspective, a short-term small correction will inevitably lead to a small cycle of high-speed trend. The daily top divergence signal of the big cake is gradually weakening. At the operational level, our thinking should change from the previous bullish view and not chasing the rise to the current short-term bearish view and not chasing the short.

I haven't spent too much time researching new currencies and sectors recently, because from a trend perspective, the most important thing we should do in the late trading is to wait for opportunities to sell. It's easy to say that you follow the trend, but it's really hard to stick to every market.

In terms of popularity, BCH is still ranked first in the industry in terms of capital volume. After a short-term high of 250 points, it adjusted slightly, and then went up against the trend. The signal of capital entering the market is too obvious. In terms of trend, I maintain my previous view. The first pressure point is 260 points. If it can be broken through in one go, the next position is expected to be 380 points. The locked-in positions at these two positions are the highest in history. From the current situation, there is no suspense about the break of 260 points. Just pay attention to the market outlook.

Then there is FTT, which has suddenly become popular in the past two days. Since last month, there have been a lot of news about the restart of FTX. After several rounds of debt financing and creditor's rights negotiations, it is expected that there will be new breakthroughs in the near future. Here I would like to talk about my views on FTT. Logically, the restart of FTX is indeed good for FTT, but from the current crypto ecological layout and market status, the height that FTT can eventually reach is limited, and there is also a potential problem here, that is, whether the new operating team will abandon the FTT ecology and start again in another way. Of course, the news is also accompanied by the short-term positive surge of SOL, which can also be paid attention to.

COMP's trading volume ranks first in the Defi sector sequence. The specific reasons for the attention of funds have not yet been understood. However, from the current market situation, the sector that can attract the attention of large funds under the sluggish macro trading volume is expected to continue to strengthen. The short-term decline point of around 45 points cannot be broken, and it is expected to break this year's new high. You can pay attention to it after the correction.

BTC: Bitcoin has a short-term correction demand, but we don't take a bearish strategy. The logic is also mentioned above. The current trend has risen too much and is in a state of high-amplitude shock adjustment. We need to create opportunities for other sectors to rebound. The short-term daily support is 30,000 points, and the small cycle retracement bottom is 29,000 points. It is expected that after the downward support is confirmed, it will continue to break the short-term high.

ETH: The long volume of Ethereum has dropped significantly. The funds from Bitcoin in the past two days have been transferred out again. The fundamental reason is that under the current tight liquidity in the market, coupled with the small negative impact on the macro level, the main players have chosen a more conservative operation. In terms of the logic of holding coins, Ethereum is relatively conservative in the medium and long term, and there will be no major collapse in the short term. The short-term support is 1800 points and the resistance is 1900 points.