How long will the shock last? When can we buy the bottom? $BTC
Bitcoin has been relatively stable recently. Although the decline of altcoins is large, the overall market is still in a volatile downward trend.
In order for the market to strengthen, we need to see an increase in trading volume, especially Bitcoin needs to break through the key resistance level of $70,000.
Tether issued 1 billion U on the TRON chain a few days ago, which may mean the possibility of institutional whales entering the market to buy the bottom.
If the main force pulls the market and brings a money-making effect, the market may resonate and get out of the volatile market.
Next, we need to pay attention to whether Bitcoin will fall below $63,000.
After the halving in 2016, Bitcoin experienced a 30% retracement; after the halving in 2020, there was also a retracement of more than 20%. After the halving, the mining cost increases, and miners may selectively sell, thereby affecting the market price.
From the weekly and daily levels, the current market has reached the end of the third wave of the wave theory and is currently undergoing the fourth wave of adjustment. This adjustment period has lasted for nearly 100 days.
Perhaps after the European Cup, Bitcoin will start to rise again.
Why might it rise after the European Cup? Follow the homepage to search for the public account, join the community to take you to play the currency circle🚀🚀🔥
Because big funds may be betting on football at present, after the game, these funds may flow back to the currency circle.
The European Cup will end on July 15, so we can wait for market changes and wait for flowers to bloom. #美联储何时降息？ #BTC走势分析
