After Bitcoin fell below $30,000 in the early morning, many people shouted that it was going to fall, but when they woke up, it returned to yesterday's level. The fact now is that liquidity is too poor, which can easily lead to sharp rises and falls. More and more friends have understood this truth, but they still need to know the underlying logic.
The reason why BTC is currently maintained above $30,000 is the bet on the BTC spot ETF (trust) applied for by BlackRock. Not only we are paying attention to this, but Wall Street is also paying attention to it. Although we all know that the SEC may not make a clear judgment in the short term, the sentiment is still being paid attention to. There will probably be related news every now and then, which keeps investors' sentiment at a nearly optimistic level.
Today, the trend of Bitcoin fell below 30,000. On the daily chart, the market is below the moving average, which means that the market has been in a weak trend. The upper pressure is around 30,500. If it cannot break through, the probability of the market continuing to rise is not expected. At the same time, pay attention to the lower support around 29,800. If this position is broken, it is expected to return to around 26,000 in the later period!
Today's hot spots:
1. As of 18:00, 14,041 addresses have received the ARKM airdrop, and the treasury has transferred 30 million ARKM at 14:00;
2. Radiant Capital completes the second snapshot, and approximately 1.3 million ARB will be allocated to eligible dLP lock-up users;
3. Web3 game company Ambrus Studio received investment from Goodwater Capital and Axia8 Ventures;
4. Shareholders of mining company Marathon Digital filed a lawsuit against the company's top management;
5. Pudgy Penguin#7705was sold for 69 ETH, the fifth highest transaction in the series;
6. FCA: Cryptocurrency investment-related emoticons may be considered financial promotions, and companies and KOLs may need to add disclaimers;
7. Binance will support Harmony (ONE) and IoTeX (IOTX) network upgrades and hard forks;
8. Amboss CEO: BlackRock can use the Lightning Network to subvert payment processors such as Visa and MasterCard;
9. Thodex founder sentenced to jail for failing to file tax documents
10. CFTC Commissioner: The road to clarifying US cryptocurrency regulation has been paved;
11. South Korea’s Financial Services Commission plans to establish a new virtual asset bureau;