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🔹Cognitive Society Reviews
On April 1, Bitcoin fell around 68,500 and then traded sideways. Bitcoin itself fluctuated very little, while Ethereum and altcoins plummeted.
The ratio of longs and shorts in Ether on April 1st was 2.5, with 250 longs and 100 shorts. As a result, capital costs have remained high. Market short-term funds are eager to lurk in the Ether faction, waiting for Ether to make up for the increase.
As long as Bitcoin holds 68,000, the market risk is limited. After all, everyone firmly believes in the bull market, and few people want to take advantage of it. However, if Bitcoin falls below 68,000 in heavy volume, there will be a sharp decline. After all, the next strong support level of 63,000 is far away.