HaoBTC Bitcoin Daily Interpretation: Breaking through support, looking for the bottom

Fundamental news :
1. Columnist Xiao Lei: Why is one Bitcoin worth 1,000 shares of ICBC? After analyzing the current rise in Bitcoin prices, Xiao Lei suggested that investors should first learn more about the development of blockchain technology, the expansion direction of Bitcoin applications, and how to improve its blockchain capacity before participating in Bitcoin transactions. If investors do not have a more comprehensive understanding of encrypted digital currencies and simply go for the price increase expectation or try to transfer RMB assets, the risks may not be ignored, because the current price volatility of Bitcoin is much higher than most investment markets, and daily fluctuations of more than 5% are not uncommon. Holding more Bitcoin assets may cause drastic fluctuations in the value of the entire wealth, so be mentally prepared before getting involved.
2. Microsoft creates an open source identity platform that integrates Bitcoin and Ethereum blockchains. Microsoft, together with ConsenSys and Blockstack, has developed an open source identity platform designed to integrate Bitcoin and Ethereum blockchains. An early version is expected to be launched at the end of this summer. York Rhodes, Microsoft's global business strategist, said, "The importance of this open source blockchain identity project lies in the fact that it spans all blockchains, is ubiquitous and timeless. The project authorized an initial solution and partners to prove that the project is cross-chain. We are very excited to see the results of our collaboration."
Bitcoin market :
Provided by the regular and secure Bitcoin platform Haobtc.com:

Chief Analyst Bi Wanba explained the market: Bitcoin's price today fell below the bottom of the recent shock box and broke through the psychological support of 3,500 yuan. It rebounded to 3,600 yuan but failed to stabilize. The trend in the next two days will be in the process of finding the bottom; the mid-line trend has been destroyed, and the risk of short-term bottom fishing is high. The price difference between the internal and external markets has further narrowed. The external market should retest the 500 US dollar mark, and the internal market's interim bottom is around 3,260.