Why is the Bitcoin ecosystem so weak in this round?
In my opinion, this is actually a normal phenomenon. In the last wave of market, that is, the round at the beginning of the year, all the projects in the Bitcoin ecosystem have risen sharply. After a long period of correction and washing, the entire Bitcoin ecosystem is still waiting for the market hotspot rotation.
The current lack of outbreak does not mean that there will be no outbreak in the future. I think the narrative of the Bitcoin ecosystem will not be easily abandoned by the main force. Just like the chain game track that I have always insisted on before, many senior people think it is a pseudo-narrative and are not optimistic. However, in this wave of market, the performance of chain games is indeed very good, and many hot spots have emerged.
The same is true for the Bitcoin ecosystem represented by STX. At present, STX is showing a small step-up trend on the weekly line, and the pressure ahead is around 3. If it can be effectively broken through, it will move towards a historical high. Although the increase in this wave has weakened, the trend is still good, so you can pay more attention.