Plum Cooking Coins: If Bitcoin continues to decline, $79,000 is strong support
The article on January 6 (Plum Cooking Coins: Will Bitcoin rise to new highs or fall below $80,000?) mentioned that 'This Friday (January 10) at 21:30, non-farm payroll and unemployment rate data will be released, so this week's market may see a risk-off pullback.'
On January 6, the market was generally optimistic about the rise, and there was a small poll indicating a slight majority expecting new highs.
Now it feels like a splash of cold water, the greed index has dropped to 50, indicating that panic is starting to emerge in the market. If the market continues to decline, where will it go?
I made an unreliable guess in the group, $79,000.