Let's talk about BTC. Bitcoin is currently facing some challenges and observation points. The recent price fluctuations are drastic, and funds have experienced negative growth in a short period of time, followed by a rapid rebound. In this case, whether investors can temporarily reduce leverage and wait for the market to stabilize is a key issue.

From a technical structure point of view, there is a lack of obvious strong bottom pattern. Although the price has recovered after each decline, the recovery is slow, the trading volume is not large, and the rise is mainly driven by the futures market rather than the spot market.

The current price range has been stagnant for a long time, which has given many investors the opportunity to set stop-loss orders, which have formed a lot of liquidity support. These support positions currently look like magnets that are difficult to break through.

The market has repeatedly appeared in similar price ranges, showing that this is a liquidity game determined by the way large funds manipulate liquidity. Unless the price can clearly break through the top of the current range, it may continue to fluctuate within the range, especially in the upper half of the range, where there is a lot of liquidity support below.

Nevertheless, some altcoins are optimistic, and if Bitcoin continues to fluctuate without drastic actions, it may provide breathing space for some altcoins. If you have been chasing ups and downs, often being trapped, and have no latest news in the cryptocurrency circle and no direction, please stay at the public account: Xiyemiao, and don’t waste your skirt. I share the strategy layout with fans, and everyone discusses and shares together. There is no threshold and no $ is charged. You can leave at any time if you feel bored

#BTC☀ #ETH🔥🔥🔥🔥 #etf以太坊 #sol板块 #VanEck提交首个SolanaETF