The sharp drop in Bitcoin today is caused by multiple reasons ‼

The first one I mentioned before is that after reaching $72,000, BTC has been fluctuating around 72,000 for two days in a row without breaking through a new high, which is a kind of scheme to lure investors to go long. However, I think of Bitcoin falling to around 66,200.

Second, you can look at US stocks and the US dollar index today. The US stocks that are positive for Bitcoin have fallen across the board, while the US dollar index is rising, which is negative for Bitcoin.The market situation and macroeconomic fundamentals today are both unfavorable for movementof Bitcoin‼#FederalReserve #ionet