Market flash crash, the number of liquidations approaches 312; can Microsoft's decision to invest in Bitcoin save the market?

The Ethereum Foundation has sold another 100 ETH, the troublemaker has arrived, this wave of adjustment is not over yet, and this signal often suggests that the adjustment is not in place.

Microsoft's Bitcoin investment proposal will take place tonight at 0:30; whether Microsoft buys Bitcoin depends on tonight, which is very important, as MicroStrategy can no longer drive the market, needing larger companies to participate. Microsoft is one of the largest companies in the world.

The current situation is mixed; as risk appetite declines and trading volume is released, short-term selling pressure may likely phase out, which is a good sign. The Ethereum Fund has also somewhat boosted market sentiment. Next, we await the results from Microsoft to see if new funds can be introduced. If it doesn't go through, the short-term profit-taking may gradually overshadow the off-market buying. On-chain data shows that the amount of demand for funds is decreasing, so we must patiently wait for the outcome of the game.

In terms of trends, without much analysis, the daily candlestick shows a large bearish candle, engulfing multiple bullish candles, indicating an adjustment pattern, with further continuation possible! Personally, I suggest looking for short opportunities based on the overnight rebound high points on the 4-hour chart tonight!

Resistance above 98,500 and 99,000, support below 94,000 and 93,500; if there is a slight rebound tonight, consider going short first and observe a pullback. If a spike occurs during the day, consider going long! #微软比特币投资投票案 #加密市场回调 #市场回调抄底还是观望？