Can Bitcoin still go back to bullish? 🔥
On Monday, after Bitcoin briefly touched $70,000, everyone thought the bull market would continue.
As a result, on Friday, it fell more than 9% in a week to $61,358, and fell to a low of $60,704.
Part of the reason is that the weak US employment report has triggered market concerns that the US economy may fall into recession, leading to a sell-off on Wall Street. Secondly, the US stock market plummeted, the financial reports of major well-known listed companies were not satisfactory, and the compensation of Mentougou and the US government selling coins, etc., are worrying.
In a recent interview with Fox News, Trump proposed to use Bitcoin to pay to solve the $35 trillion US debt crisis. If it can really pass, it will be an epic positive. Recently, such news has been frequently released, and most of them are just talk. Continue to wait patiently.
The Ethereum ETF fell 15% in two weeks, causing the price of ETH to fall below $3,000. It has been outflowing for a week, and the market sentiment is relatively pessimistic.
In the current environment, cryptocurrency still depends on the economic environment of the entire market. After all, it is a high-risk investment market, basically following the US stock market. It will take time for the market to stabilize. Be patient, do less, observe more, and wait for opportunities.
