Monday's market was unexpected. BTC rarely showed a different trend from the US stock market. I originally thought that only BTC performed uniquely, but later I found that even MSTR and COIN in the US stock market had considerable gains, especially $MSTR, which once rose by more than 8%. However, it is not yet certain whether BTC has really shown an independent trend. We need to observe for two more days and see how the ETF data is tomorrow.
The focus of this week is undoubtedly on A-shares. The increase in Hong Kong stocks during the day was not satisfactory, and several ETFs tracking the A-share index were also slightly tired at night. In my list, only $ASHR has a good increase, and the others are not satisfactory. Tomorrow is worth looking forward to. Is it a national carnival or a collapse of faith? In fact, if the market does not rise by more than 5% tomorrow, it will be disappointing.
Back to the data of #BTC , there is still not much change. Although it has a different trend from the US stock market, BTC is still flat. As the US stock market continues to fall, BTC has also begun to retreat. The main force of turnover is still short-term investors, which will not change before $70,000.
As prices rise, short-term profit-making investors continue to leave the market in large numbers, but the activity of BTC in losses continues to decline, and the same is true for earlier investors. Judging from the current trend, fewer and fewer investors are willing to sell BTC, and the fourth quarter is worth looking forward to.
The support of $64,000 to $69,000 is still very strong. Some friends say that this position is resistance, but in my opinion, there is little selling at the position of $64,000 to $69,000 itself, and it is the large-scale departure of short-term investors that has caused the lack of rise.