From the data of BTC itself, the turnover rate has significantly increased again today, and almost 95% of it comes from investors who entered the market in the last two days. This group of users is primarily short-term investors, and since there might be a change in sentiment, they quickly exited the market. We anticipated this situation yesterday; it’s quite normal. As long as MSTR passes, the sentiment is likely to return by early Saturday morning.
Additionally, from the support data, early investors with costs below $94,000 have not shown any panic. The first four support levels remain steadfast, and the support levels between $94,500 and $98,500 are still relatively solid. Although some chips are moving towards the $100,000 mark, since they are all short-term investors, there’s no need to worry about it. The current support is not enough to allow BTC to directly drop below $95,000 without any negative news; we will see what happens after Saturday morning.
