These two major bad news in the market recently may have driven this round of market decline: 📉
1. Uncertainty surrounding Silvergate Bank
2. SEC Chairman hinted to the Investment Advisory Committee that “cryptocurrency trading platforms may not be qualified fund custodians”
Other than that, there are technical matters. I mentioned in the early trading that the hourly cycle has a downward trend, and the same goes for 4H. However, the 4H reference significance within the day only has a relatively high reference significance during the turning stage. 😷#BTC #nftcommunity
Follow me to receive more currency circle opinions📈
