Submit your homework before takeoff. Today, BTC experienced a pullback, almost dropping below $96,000. Many friends started to get nervous, worried that the bull market might be over, which is very similar to yesterday's reaction. However, yesterday at least ALT experienced some increase, while today is almost all in decline. This situation was actually mentioned yesterday; weekend prices should not be taken too seriously, as the price changes are mainly due to a decrease in liquidity. The key is still to observe the reaction of American investors after the market opens on Monday.
As mentioned yesterday, there is currently no negative information in sight. Even the decline over the weekend may be due to some investors exiting, as the lack of market makers has led to insufficient liquidity for #BTC. I can say this because the URPD data does not show a large number of investors exiting, especially those who made profits below $80,000, showing no signs of panic.
Although the new bottom formation has not yet been completed, it is clear that there is still sufficient buying power above $95,000, with a large number of chips moving towards this position. Therefore, no risks have been seen for the time being; at most, the FOMO sentiment may start to decline, but currently, it remains in an unknown state. For those who are particularly concerned about short-term trends, it is advisable to first observe the CME's performance on Monday, and then look at MSTR's pre-market performance; these will help in analyzing BTC prices.
Nothing much else, just waiting for Monday.
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