#btc Bitcoin is still in a downward phase and a bottom that holds on a non-stop basis has not been formed yet. At present, the market sentiment is still bearish. For BTC, watch whether it can hold the $62,500 level—specifically, whether it can stabilize at that price. Ethereum is similar: whether it can hold the $1,850 level when it moves down. For “big cake” (BTC), capital flow is also still in an outflow state. ETH’s capital flow is slightly better than BTC’s; over the past few days it has been in an inflow state, but there has not been a large-scale inflow yet.