Bitcoin 10-Day Surge: Who Won 👉🚦🚦 💰👀
The violent swings experienced in the last 10 days on $BTC presented great opportunities and risks for both bulls and bears. Bitcoin experienced a $ 21,000 drop in just 7 days, then recovered $ 13,000 in 3 days. Such sharp movements clearly showed how the saw mode works before entering the bull market.
It is difficult to determine the winner in this process. If the bulls were able to buy from the bottom during the decline and catch the recovery at the right time, they may have made a profit. However, the rapid and sudden movements may have also caused many bulls to panic sell.👍
On the other hand, the bears who sold may have made a profit by taking advantage of the $ 21,000 drop. However, serious liquidations were made for those who did not close their positions in time.
As a result, making a profit in this 10-day period was largely possible by taking action at the right time and correctly evaluating market conditions. However, the general market direction still remains uncertain.
⚠️It can also be understood from open positions that we will continue to see sharp upward and downward movements until the interest rate cut👍