Bitcoin's daily chart has now reached the key pressure point of 63,000.
I think it is unlikely that it can break through this pressure point. Why do you say that?
Because the ETF buying volume in the United States has been flowing out. Also, on Binance, the 12-hour long-short ratio of large investors is 1.41, and the long-short ratio is about 1.6.
In addition, the rise in the US stock market after the opening last night was mainly caused by borrowing funds to buy Bitcoin, but at 4 a.m. today, these funds began to withdraw. In this way, there is no hard support for the rise in Bitcoin's market, and it is likely to continue to fall.
Of course, it is not completely impossible that funds will come in to pull up the market like last night, but the probability of this situation is very low, and this possibility cannot be ruled out. What do you think? Welcome to the comment area to share your thoughts?
