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August 4/The ultimate challenge to patience and confidence, Bitcoin continues to fall
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#btc #eth #wif #crv #tao
🔹Reviews of Cognitive Society
Bitcoin fell back to its lowest point of 59,000 on August 3.
What is painful is not the sharp drop, but the continuous decline for 24 hours without rebound or sharp drop.
It happened to be the weekend break in the US. Without the incremental funds from the Bitcoin ETF, the market depth and liquidity would be completely lacking. When a major player can completely control the situation, the market will become particularly one-sided because everything is freely manipulated.
If Bitcoin drops sharply to around 57,000, it is a good position because it can wipe out many long orders’ stop losses and reduce the ratio of longs and shorts.
#btc #eth #wif #crv #tao
🔹Reviews of Cognitive Society
Bitcoin fell back to its lowest point of 59,000 on August 3.
What is painful is not the sharp drop, but the continuous decline for 24 hours without rebound or sharp drop.
It happened to be the weekend break in the US. Without the incremental funds from the Bitcoin ETF, the market depth and liquidity would be completely lacking. When a major player can completely control the situation, the market will become particularly one-sided because everything is freely manipulated.
If Bitcoin drops sharply to around 57,000, it is a good position because it can wipe out many long orders’ stop losses and reduce the ratio of longs and shorts.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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