Is the Bitcoin of the Silk Road 69,000? And now, has the approval for sale been obtained? Is it really possible to sell immediately? Or does it take a long time to go through the process? After all, Trump will be in office in 11 days.
加密鱼右右
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Historically, BTC has risen at least 20% in February. Now that it has pulled back, it's time to gradually buy the dip and relax for a month; by February, there will be profits to enjoy.
On January 9, according to market news, the U.S. Department of Justice was authorized to sell $6.5 billion worth of Bitcoin related to the Silk Road case. This might be a negative piece of news. With only a little over ten days left before Trump takes office, what is this all about? Who is this slapping in the face?
Because Trump hasn't taken office yet and cannot intervene, the $6.5 billion in BTC from Silk Road has been approved for sale. It feels like the sellers are very anxious; after all, Trump promised not to sell. There are trading opportunities to be found, and although it's seemingly bad news, these will likely be digested smoothly once Trump is in office. Conversely, it presents an opportunity where risks and chances coexist.
In the crypto world, it often experiences "slow rises and sudden drops." This situation mostly appears during a rebound or midway through an upward trend. To put it simply, this is an old trick of washing out investors in a bull market.
When a coin finally rises for a few days, a sudden sharp drop can wipe out several days of gains in just one day. As a result, novices and those who cannot bear it will panic and sell their holdings.
Once the price drops to a certain level and stabilizes, it will slowly start to rise again. When the stock price rebounds to a new high, more people will jump on the bandwagon, and the main funds will apply the same strategy again.
During the rise, a sudden hard brake can lead to a rapid drop; this type of decline is fast and brief, with the market dropping 5%-10% in just a few days. Sometimes it can drop 15%-20% if it's severe, but don't worry, it will stabilize near important support lines.
#加密市场回调 #BTC走势分析
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