There is so much pressure to hand in homework on the weekend, mainly because there is nothing to write about. It is the lowest point in the liquidity crisis. Although there was positive non-farm payrolls on Friday, once the market makers and institutions take vacation on weekends, the real purchasing power is terrible. The turnover in the last 24 hours was only 53,871.8 #BTC. It is estimated that it will be around 10,000 by Sunday. This data is similar to that of a bear market. Although the price is like that of a bull market, there are too few investors participating in the buying and selling.
The volatility in recent days has broken up the single-price dense chip area. The recent highest point is less than 440,000 BTC, which means that the impact on the price may be relatively low. If there is no more direct positive or negative data, the possibility of small fluctuations is still very high.
The main support area of dense chips is still between US$64,000 and US$69,000. This position has been quite stable so far. After a long period of washing, there are not many short-term investors. We have said many times that as long as there is no large-scale sell-off in the concentrated area of dense chips, the pressure on prices will not be great. Even if there is a short-term decline, there is a high possibility of a rebound.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
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