The current rise is fake. It is not a rise to the support level, but the risk-aversion buying within the currency circle caused by the potential explosion of USDC.
This type of buying appeared before when there were rumors that USDT exploded. At that time, it was obvious that the USDT-denominated pie was more expensive. This time, the USDT denominated pie was in USDC, so the price of the Coinbase pie was high.
Never think that this is a rebound from the support level
In short, this matter is quite a big deal, and the Bank of the United States does not work on weekends, so everyone continues to be panic-stricken. The bulls naively thought that this was the end of the decline!
dog
