#内容挖矿

Although the price once fell below $60,000, the chip gathering area of ​​BTC on the chain has not been destroyed. Currently, $64,000 to $69,000 is still the support area of ​​BTC on the chain. Many new friends asked, isn't it support? Why did it fall below? Why is it still called support after falling below? In fact, I have explained this question many times when it was $56,000.

The support I am talking about is not the technical support mentioned on the K-line, but from the perspective of chip distribution, a large number of investors gathered did not panic on a large scale, so we can see that there is no large-scale selling of BTC between $64,000 and $69,000, which means that the price decline is limited. After all, not most people leave the market, at least not at the moment. So it will not cause too much change in price.

If a large number of BTC in this range leave the market and destroy the support, then the price may change significantly. Maybe it will be destroyed tomorrow, but at least from the current data, it has not been destroyed yet.

#BTC #ETH