Analysis: Competition among mining owners is fierce, and the general trend of BTC market outlook is still downward

According to TokenInsight monitoring, BTC popularity fell slightly to 0.0909% (0.0918% yesterday, 0.0901% last week), traffic fell 7% from yesterday, and the number of transfers rose 6% from the same period last week. The computing power rose sharply by 6% from yesterday. BCtrend analyst Jeffrey believes that the competition among miners is fierce, and mining can only be profitable if most competitors withdraw, and the demand for BTC adjustment has increased. In terms of technical analysis, independent analyst Tommy Albert believes that BTC's downward momentum is insufficient, and there may be a rebound to around $6,600, but the general trend is still downward.