The truth behind the Bitcoin crash: Two major factors caused the market to tremble!
People who play cryptocurrencies must pay more attention to the news, especially those that can affect investment.
There may be two reasons:
Powell may not release water (no interest rate cuts).
There is a war in Israel.
This is why Bitcoin plummeted.
But don't worry, it will rise again soon (in fact, it is already rising).
But you still have to pay more attention to the news, because the market always likes to change its face. When everyone thinks the situation is very good, the market will find an excuse to reverse, so that the dealer can make money.
For us retail investors, this is not a big bull market, but for the market, every day is a bull market.
This big drop caused many people to be forced to close their positions and lost a lot of money. But some people also made money by shorting Bitcoin and other altcoins.
Now you should understand why Bitcoin plummeted.
The original support level has now become a resistance level, so you have to plan your next operation well.
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Firm belief comes from the understanding and insight into the profound economic logic behind the cryptocurrency market. If you have been chasing ups and downs, often being trapped, without the latest news in the cryptocurrency circle, and without a direction, click on the avatar to view the introduction and share the 10x coin selection!
