The Bitcoin market experienced a round of deep shocks yesterday, but the market sentiment obviously warmed up in the early hours of the morning. From the observation of the 4-hour K-line indicator, it has begun to show signs of rising. However, we must stay awake. The daily K-line still shows that the downward trend has not changed. The market may still fall below the 60,000 mark in the short term. But considering the market performance of the historical halving cycle, this decline is more likely to be a short-term adjustment of the market. For spot holders, it is advisable to remain patient and hold firmly at this stage.
At 7:17 Beijing time today, 10,375 ETH (32,047,568 US dollars) were transferred from an unknown wallet to Coinbase. It may represent that some investors are adjusting their asset portfolios or carrying out shipment operations. $ETH
At the same time, Powell, a key figure in the Federal Reserve, released a signal to reduce the expectation of interest rate cuts, which will have a certain impact on the cryptocurrency market. Against the background of tightening macro monetary policy, the cryptocurrency market will face more challenges, but it will also usher in more opportunities.
