Why did it fall last night? Will it fall next?
The market is a buying and selling sentiment. Whether it is a market maker, a large institution, or an individual investor, etc., they receive various different information from the market every day, especially from the United States. At present, there is still time before the transfer of power in the election, and there is no speculation. So what can affect market sentiment is macro information.
It is currently a rate cut cycle. For now, any information that is more than two rate cuts will cause market panic and cause selling to exceed buying. Then BTC will fall slightly, and the situation will be even uglier when the cottage has no liquidity. As for on-chain, although on-chain may not be so much with BTC, the essence of on-chain popularity requires good emotions. Without sustained good emotions, it is not very optimistic.
Of course, you can also say that before this new big trend is formed, there are speculations that make very short-term profits, because there are all kinds of investment preferences in this market, this is certain. Anyway, it is a volatile market, but the volatility is large. There is nothing wrong with this.
At present, it has fallen back to the situation before and after Christmas. So the logic I mentioned earlier, what other information will stimulate the market sentiment in the future, whether buying is greater than selling or selling is greater than buying, which will trigger the demand for BTC, and the rise and fall of BTC will affect the rise and fall of the cottage.
This is the logic of spot and contract.
