The cryptocurrency market plunged! Bitcoin's $100,000 throne is no longer secure?
$BTC just broke through $100,000, and the market cheered before it quickly slipped to $95,560.
Is this a respite for bulls, or a new starting point for bears?
The market is changing rapidly, "one second in the cryptocurrency world is ten years in the human world"!
From the trend point of view, this wave of callback is indeed a bit dazzling, but don't rush to "run away".
First of all, the rapid fluctuations in market sentiment are mostly due to short-term selling of profit-taking. Coupled with the uncertainty of the global economic environment, some funds choose to temporarily hedge. However, the on-chain data tells us another story: the holdings of large addresses have not decreased, but are gradually absorbing funds. Smart money is quietly moving, what about you?
For the subsequent layout, be cautious but not pessimistic. It is better to wait for the confirmation of key support levels, the first support level (94,000-95,000 US dollars area), and the second support level (91,000-92,000). After all, "If you cut too many leeks, the dealers have to take a break."
In a word: the market may be testing patience, but the long-term bullish trend remains unchanged.
After all, the "moon trip" of the currency circle has just started, how can there be no twists and turns?
Remember, the market teases you, but the final decision is still in your hands. Don't let temporary fluctuations disrupt your "currency life"!