Many people are concerned that the voting results of Microsoft in the early morning will cause another drop in BTC. Currently, the market generally believes that the result will be a rejection, so even if it is rejected, it is seen as bad news being priced in. The market already dropped in anticipation yesterday, and whether it will continue to fall after the news is uncertain, with a 50-50 probability. It is even possible that the market could rebound after the news.
Microsoft's vote will be revealed in the early morning. The cryptocurrency community is waiting to see what happens.
Most people are betting on a failed vote. With bad news fully priced in, the price has already dropped yesterday. Today? Who knows? The probability is evenly split between rising and falling. It may even rebound directly.
On the flip side, what if the vote passes? Bitcoin could soar directly, heading towards $120,000. This time, the bulls look appealing.
At this price level, betting on a bull market is worthwhile. At $95,000 and $90,000, as long as it hasn’t truly broken those levels, don’t panic too much.
This is just a speculation. The actual situation will depend on the final result from Microsoft. Before the voting results come out, all kinds of rumors are flying around, busier than a market. Various analysts and experts predict with more accuracy than fortune tellers, but the outcomes often differ greatly.
Ultimately, this cryptocurrency market is just a casino. High risk, high reward. Striking it rich overnight or going back to square one overnight is common. If you have a small risk appetite, don’t play. If you are bold, then be prepared for all sorts of thrills. Remember, don’t bet your entire fortune. Save some money so that if you lose, you can still buy a bowl of noodles.
Now, we just wait for the results in the early morning. At that time, we will see if the market continues to probe the bottom or makes a strong comeback. Anyway, the retail investors will be trembling in anticipation. This time, it seems like another round of losses is coming. Hopefully, I won’t be one of those cut down.