📊｜Why did Bitcoin still fall after the rate cut?
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📢I believe that many people must be panicking at this moment, thinking that BTC is about to start drawing a new gate and is about to enter below 50,000.
From the liquidation map, more than 400 million US dollars of long orders have been liquidated, and nearly 160,000 troops have suffered
Even the A-share market next door is rising, why is BTC falling? 📉, a large part of the reason is that the institutions and tycoons who previously invested in BTC saw the value of the A-share market and transferred the funds here to the A-share market.
Another reason is that the Middle East is fighting again, and we have to pay for military expenses
🔻However, everyone does not need to be too pessimistic about BTC. Due to the upward breakthrough momentum of BTC in the past few days, it broke through in the convergence range. To break the downward pattern of the past six months, we just need to wait for new support to get on board
