Come and see the data! Will Bitcoin continue to fall? A turnaround may be coming!
This decline is absolutely 100% a black goose, caused by the sudden war between Israel and Iran, which no one expected.
But don't panic, the last time the Russian-Ukrainian war, the cryptocurrency circle and the US stock market also fell sharply, especially the US stock market fell 3%, but in the end it miraculously closed positive.
So this time I think things should turn around when Wall Street goes to work on Monday night. The liquidity is too poor on weekends, banks are not working, the market is not open, and institutions cannot increase their positions, so the decline is all retail investors selling.
From the perspective of the contract market, the sharp decline of various currencies is caused by the serial liquidation of contracts. Now the longs have been completely wiped out. If the 2x leverage of small currencies is opened at the highest point, it will also be cold. It can be said that there is no motivation to continue to liquidate in the short term.
On the other hand, the shorts have accumulated 10 billion short orders for Bitcoin alone. Once it goes up, these will be fuel. So even though retail investors have no money to buy, as long as Wall Street pulls it up, the shorts can trample on themselves to explode the price.
So don’t give up hope, if you have money, buy some spot, if you have already entered the market, hold on to the good coins. I didn’t buy at the lowest point, but this does not affect Bitcoin reaching 100,000 this year, the bull market will never be absent!