Bitcoin, Ethereum, and People (PEOPLE Token) Analysis
If Bitcoin ($BTC) drops below $57,000, traditional technical patterns like the double bottom might not provide support. Selling pressure from the German and American governments, alongside Mentougou, is significant. Their spot market sales outweigh buying in futures contracts, increasing liquidity but also risking further declines.
### Weekend Prospects:
Over the weekend, with reduced government activity, there's potential for sector-specific trades. Yet, speculative interest in distressed assets could emerge amid market uncertainty.
#Write2Earn! #US_Job_Market_Slowdown #BinanceTournament #Megadrop #LayerZero
