#内容挖矿＃CHZ

BTC However, judging from the data of the past two weeks, the situation is not good. The inventory of the exchange continues to rise, which means that more and more investors are beginning to panic. The divergence of this matter lies in the last dot plot. Investors who bet on three interest rate cuts were disappointed, so investors began to leave the market in droves.

When this happens, selling pressure often forms. The increase in selling pressure causes prices to fall, causing many losing investors to want to get their money back, so more BTC is stored in the exchange. These investors either wait for a rebound to flee, or cut their losses and flee when there is a bigger negative impact. So it has been said since two weeks ago that before the new inventory of the exchange is consumed, the pressure on the price will be greater.

Two weeks ago on Friday, there was an accumulation of about 7,000 BTC, last Friday it was about 15,000 BTC, and today it is about 25,000 BTC. If it can rise steadily, digest these volumes first. Several Fridays have the same commonality. There are always a lot of BTC at more than $20,000. There have been several such Fridays. It is still unclear why, and these turnovers are neither entering the exchange nor leaving the exchange, so let's ignore it for now.

The focus is still on the earlier investors except for $26,000. They still haven't changed much, and there is no panic. The mood of early investors is still stable. The second is the investors in the range of $64,000 to $69,000. Whether they can support it or not is not the point. At least this is a dense accumulation area.

There is no sign of panic among investors at this position. Basically, investors in the past one or two weeks are leaving the market, so the selling in this dense area is gradually decreasing. Some friends say that $64,000 is currently a pressure, but at present, the selling pressure at this position is not large, and there is no sign of pressure. The main reason is still liquidity.

Yesterday, more than 500 billion US dollars entered the market, and today more than 600 billion US dollars entered the market. There is really nothing much to say about this liquidity. It is the weekend again. I say it every week, be careful of the sharp rise and fall caused by the low liquidity.

#BTC #ETH