Last night, we publicly alerted to the risk of the market approaching. 100,000 is a psychological integer threshold. Even from a long-term perspective, the outlook for BTC is very optimistic, and the macro environment is favorable. Countries have been incited by the US to treat Bitcoin as a strategic reserve asset, to indirectly transfer US debt. We won't go into the political intentions here. #美财政部称BTC“数字黄金”
Purely from the signals given by the K-line, Ethereum's chips above 4,000 are continuously being offloaded at high prices, while retail investors keep bottom fishing, and the upward momentum is obviously insufficient. The chips above 100,000 for Bitcoin are similar; the highs are continuously decreasing. I shorted in the morning yesterday and shorted again at the high point this morning. The positions are very smooth, which actually corroborates the correctness of the viewpoint.
From the perspective of crowd psychology, the chips held at the bottom have already made a substantial profit at this point. Originally, that wave around 50,000 was expected to target Bitcoin around 100,000, so it is normal for profit-taking at this position. After several days of high-level fluctuations and turnover, profits are taken, and without sustained buying power following the market, panic selling will be triggered.
From the perspective of funding rates, the fees for Bitcoin and Ethereum have already reached around +0.03. The last time the fees were this high, Bitcoin dropped by 10,000 points.
Another risk to note is #APT、ADA、ENA大额解锁 .