Just now, Bitcoin suddenly fell. What happened?

This morning, Bitcoin broke through 70,000 US dollars. Just when the market was peaceful, it fell back near noon. As of press time, the current price is 67,800 US dollars. What happened? I urgently searched the entire network for information and sorted it out for everyone to see:

1) Traders are worried about the selling pressure related to the Mt.Gox Mentougou incident. It is rumored that more than 8,000 bitcoins worth 500 million US dollars were withdrawn from the Mentougou wallet to an unknown wallet. This is the main reason for the decline at noon today.

2) The United States will release the core PCE data for April this Friday. I analyzed it a few days ago. If the PCE data is higher than expected, it will be bad news. The Fed's interest rate cut will continue to be postponed, and even interest rate hikes are not ruled out. Could it be that some funds knew the data in advance? Did they rush ahead in advance?

In summary, I personally think that the decline at noon is emotional. Although the Mentougou incident will cause selling pressure, it was in October. Even if they sell, they will not sell all at once. In addition, no one knows the PCE data until the last minute. It is better to hold the chips in your hand than to catch wind and shadow.

In this round of market, I dare not say that the price is too high, but breaking through 100,000 US dollars is almost a foregone conclusion. The more in the bull market, once there is a little negative news or panic, the market will always overreact. What you need is a strong mentality.

Okay, click to follow, originality is not easy, I hope to get your support. I have been in the currency circle for 7 years, and I hope to make more like-minded partners. I am not alone on the bull market road with friends.

#MtGox钱包动态 #BTC走势分析 $BTC