I just finished chatting with a friend at noon. Today's Bitcoin trend is worth pondering. The news of Israel's bombing of Iran caused a wave of sell-offs and then quickly pulled back. On the one hand, the decline this week was too fierce. Yesterday, there was a bottom divergence in the 4-hour chart. Then, the market is expected to have some expectations for the halving tomorrow.
We have also talked about the sell-offs when Iran bombed Israel last Saturday night. Small coins were very powerful. It feels that many small coins have arrived before Bitcoin.
Some people say that if the US stock market has not adjusted in place, will the Bitcoin continue to fall? In fact, the Bitcoin has a characteristic that it will fall quickly. The adjustment in the third quarter of 23 is: in late July 23, the Bitcoin and the US stock market adjusted at the same time, the Bitcoin was in place in mid-August, and the second exploration was in mid-September. The US stock market did not really bottom out until it fluctuated downward until mid-October. However, after mid-August 22, the Bitcoin was actually fluctuating, no longer following the decline and no new lows.
Let's see if it will be the same this time.
