Bitcoin continues to fall, and the big non-agricultural data tomorrow may determine the direction.
Today, the big cake released a huge sell order. The price fell back to around 57,800 and then rebounded to around 58,500. This time it did not rebound quickly to more than 60,000.
In the short term, it should be repeated friction below 60,000. Then continue to go down, and the bottom is to look at 55,000.53,000 or even 50,000.
Even if it rebounds, it is a small rebound to around 61,000, and the big non-agricultural data at 8:30 tomorrow night will accelerate the trend of this type of market.
$ENS: V God mentioned it several times, no need to say it. The vault thief is rich, and it is also very useful
$ONDO: RWA leader, no need to say it, Wall Street's new favorite
$BNB: Exchange leader, no need to say it, no matter how much you curse it, it is still indispensable for trading
$SOL : Public chain leader, no need to say it. Squatting is for a better jump
$STX: Potential leader of BTC layer 2, on the 15th of this month
NAKAMOTO upgrade, postponed several times before, this time it should not be let down again
$LISTA: The most potential new coin in Binance, stablecoin concept, the current circulation market value has fallen to less than 100 million. The price should recover quickly after consensus is reached
Ens This cannot be ignored in the entire ETH ecosystem. V God has publicly called orders many times, which shows its importance
In addition, it is also the darling of global players and capital. This round of decline is also brought down by the big cake
However, ETH is about to pass ETF, and then ENs will also be driven by good news. There will be a strong rebound in the short term. At this position, it is a good choice to enter a 20% head position.
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⚡️According to the analysis, the callback will be around 53,000 as expected
⚡️How will the market go next?
According to the analysis, Bitcoin is also around 53,000 as expected
The main reason for this round of market decline can be attributed to the superposition of multiple factors, including the economic conditions in Germany, the United States and other regions, the behavior of miners and the impact of the Mentougou incident, which together led to increased selling pressure in the market.
However, from the conventional logic, the rise of the S&P and Nasdaq and the decline of the US dollar index usually have a positive impact on the currency circle and promote its rise.
But the actual situation is the opposite, which shows that this round of decline may not be completely driven by natural market forces, but there are human factors.
Specifically, institutions or dealers may deliberately suppress the market for the purpose of absorbing funds in advance, making the premium of cryptocurrencies such as BTC too high.
As the interest rate cut node approaches, they may choose to pick up chips at a lower price after the market is smashed to a certain extent. Although this behavior seems to violate market rules, it is not uncommon in financial markets, especially in the relatively new and volatile cryptocurrency market.
In summary, this round of market decline can be regarded as the result of institutions or dealers deliberately trying to collect funds in advance. They may take advantage of the uncertainty and panic in the market and collect more chips by suppressing prices in order to obtain greater benefits when the market recovers in the future.
Bitcoin continues to fall, and the big non-agricultural data tomorrow may determine the direction.
Today, the big cake released a huge sell order. The price fell back to around 57,800 and then rebounded to around 58,500. This time it did not rebound quickly to more than 60,000.
In the short term, it should be repeated friction below 60,000. Then continue to go down, and the bottom is to look at 55,000.53,000 or even 50,000.
Even if it rebounds, it is a small rebound to around 61,000, and the big non-agricultural data at 8:30 tomorrow night will accelerate the trend of this type of market.
Let's have a chat, are there any brothers who want to join us?
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Bearish
$BTC
⚡️Big move
⚡️Focus
Bitcoin continues to fall, and the big non-agricultural data tomorrow may determine the direction.
Today, the big cake released a huge sell order. The price fell back to around 57,800 and then rebounded to around 58,500. This time it did not rebound quickly to more than 60,000.
In the short term, it should be repeated friction below 60,000. Then continue to go down, and the bottom is to look at 55,000.53,000 or even 50,000.
Even if it rebounds, it is a small rebound to around 61,000, and the big non-agricultural data at 8:30 tomorrow night will accelerate the trend of this type of market.
1️⃣bome, I just like meme. It is a sol series again, foreigners are rich and know how to play, although the plate is large, this position is still ok
2️⃣jup. The first time I bought it was around 0.7, and then it doubled. Now it is back to the starting point. There are frequent good news, so I must buy it again
3️⃣bond is just looking at the line
4️⃣lista is another lost son of Binance, and it is a new coin. It is okay to buy it after a big drop
Come on, buy the bottom or raid the house, 🐶Zhuang asks me how to be a man