In the past two days, the Big Dipper has not broken through the 1-hour EMA20 line in three rebounds since falling at 68. The current 637 is stuck at the 1-hour line again. If it rebounds at the 4-hour level slightly stronger this time, then go around 655 and take a look. The reason why the trend of the Big Dipper has been disappointing for the past month is that it has never rebounded at the daily level after falling below 90000, and the continuous bearish drops have worn down the patience of the bulls. At present, the daily EMA200 is still around 917, which is not much different from the 92 bull bear boundary that everyone mentioned a few months ago. There are actually only two things that can change the downward trend of the cryptocurrency industry at present: 1. The CLARITY Act, regardless of how it ends up being torn apart or whether it meets the best expectations, provides a clear framework boundary for the implementation of the law, which can ensure the safe development of the industry and is a good thing 2. After taking office, the Federal Reserve shifted from its current verbal eagle - shrinking its balance sheet - to its pigeon in hand - expanding its balance sheet. Only the return of liquidity is truly a powerful move that can turn the tide. And these two good news will probably not actually land until the second half of the year, even if we include the smart money rush, the rebound starting point may be the fastest in Q2. And these happen to echo the time point of Trump's visit to China. There is really no good way but to wait patiently and watch the change.