Good evening, brothers!

Why is it difficult to hail a taxi on rainy days? This has not been scientifically verified, but we at least have the subjective impression that it is obviously more challenging to get a taxi when it rains. One reason may be personal feelings. Waiting for a taxi in the rain is a painful experience, so we tend to remember it more easily. The second reason is that demand for taxis is higher on rainy days. The third reason may be psychological accounting. Many people create mental accounts for their income to manage their daily, weekly, or monthly earnings. Especially when they are freelancers, they often set a required income threshold for themselves. If they reach this threshold, they will stop working or consider any income above it as extra income. Therefore, people also tend to spend this extra income rather recklessly.

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Wall Street has always been good at packaging speculative assets into easily tradable financial products, but in the latest round of cryptocurrency ETF launches, issuers seem to have hit the "iceberg" of market cycles.

The cryptocurrency market has seen about $1.2 trillion evaporate since its peak in October, and the 11 recently listed ETFs linked to small cryptocurrencies have all reported losses.

Since last month, eight altcoin ETFs (or ETPs), including Solana, XRP, Litecoin, and Hedera, have been approved and listed one after another. However, against the backdrop of an overall pullback in the crypto market, the ability of these new products to attract capital has been significantly limited.

BTC: On the 4-hour chart, the price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak.

On the daily chart, the price continues to be constrained by the 5-day moving average, and the price trend remains weak.

In summary, the support level is 91800, and the resistance level is 92100.

ETH: On the 4-hour chart, the price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with a support level of 3010 and a resistance level of 3030.

LTC: The price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with a support level of 92 and a resistance level of 94.

BCH: The price continues to stay above the middle band of the Bollinger Bands, but the trading volume is low, and the price remains mainly volatile, with a support level of 490 and a resistance level of 510.

That's all for now, good night!

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