It's been difficult to submit homework every day recently. Yesterday was a weekend with very few hand changes. Today, under the two strong competition of AI, cryptocurrency has suffered a natural disaster. BTC has fallen by 3% in the past 24 hours, and many people are worried that the bull market will disappear. From the basic situation, this cycle is the first time that currency tightening has occurred during a halving period, and the lack of liquidity is also a fact. However, currently, there is no unfavorable situation for cryptocurrency in the overall market, whether it is policy, macro, or information. A "big news" on the same day can raise the value of Bitcoin, which has a market value of $2 trillion, by $4000, indicating that investors still have expectations for cryptocurrency, and from Trump's performance, at least politically, cryptocurrency is the most friendly start. Although I have always said that there will be no good expectations after Q1, this is after the FOMO sentiment of power transfer has disappeared, the sentiment of American investors is still good at present. Starting next week is the earnings season, with reports from MSTR and COIN released one after another, as well as reports from mining companies. We hope this will have a positive impact on the entire market. Looking back at the data of BTC, this pullback has triggered panic reactions among loss making investors, with a large number of short-term loss making investors leaving. Earlier investors still maintain a wait-and-see trend, and Asian investors are more sensitive to panic than American investors. Although BTC prices have also rebounded weakly during the US period, there has not been excessive panic. However, now the US stock market continues to decline, especially the Nasdaq has dropped by 3.5%, and the S&P 500 has also dropped by nearly 2%. The mood of the whole US stock market is not good enough, and it is indeed possible to drive the cryptocurrency industry back. After all, many investors are overlapping, and think that when the Ai foam is punctured, it may lead to the occurrence of a black swan, so first leave the scene and then wait and see. Tomorrow is the Chinese New Year in the Asian time zone, and many people are worried that without the support of Asian funds, liquidity will be even worse. This is possible, but compared to American investors, the impact of Asian funds is not very high. Today, I heard an interesting statement that funds will be drawn from the AI market and cryptocurrency circle in the US to invest in AI in A-shares. Therefore, A-shares will not open during the holiday and cannot be bought. In this way, the Spring Festival is also a good news. From a support perspective, the range of $92000 to $98000 is still very stable, and there are no signs of a large number of investors leaving the market. Their emotions are also relatively stable. Currently, this situation is becoming more and more like two eight month garbage periods. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex