There are many bearish views in the current market:
German selling pressure: The massive sell-off in the German market is seen as a signal that may lead to a global market downturn.
Impact of the US stock market plunge: Worried about a sharp drop in US stocks, it is believed that the cryptocurrency market will follow the decline.
Fed rate cuts are associated with economic downturn: The market interprets the Fed rate cut as a sign of weak economic prospects, and therefore continues to be bearish.
Good news has been consumed: It is believed that all good news has been released, and there is no expectation for the next market outlook, which leads to an increase in bearish sentiment.
Mentougou selling pressure: Selling pressure from Mentougou and other places is expected to further exacerbate the negative sentiment in the market.
Technical short signals: Technical analysis based on the candlestick chart shows a clear short trend, further supporting the market's bearish stance.
Lack of good news is equivalent to bad news: In the absence of positive news to drive market sentiment, the market generally tends to be bearish. For more bull market layout strategies, see Fang! Free ➕👗 ➕🌍 BTC7732
On the whole, the current market is generally pessimistic, and various factors support the bearish view.
However, when facing the pessimistic atmosphere of the market, investors should remain calm and rational, and carefully evaluate every step of investment decision. Taking into account the comprehensive factors of market sentiment and fundamentals, timely adjustment of strategies and risk management methods is the key to coping with the current market challenges.
