Last night, the altcoin market collapsed and there was a lot of wailing. Currently, $BTC has not fallen much around 67,000. Obviously, the risk aversion sentiment of altcoins is higher!
There are three reasons for the recent decline:
1. Local wars have caused market concerns
2. The interest rate cut has been postponed and there may even be a continued increase in interest rates
3. The expectation of production reduction, inertial factors will inevitably lead to a drop before and after the production reduction
Based on the above, I think the possibility of a big drop is not high. $60,000 is the key position. If it is not broken, there is no worry. It is more likely to continue the large range of fluctuations.
