💥Emergency reminder: The $66,000 "huge column" appeared, and the market will soon usher in a new direction!
As of July 23, the URPD data on the BTC chain showed an important signal: at the price point of $66,000, up to 570,000 BTC were accumulated, forming a super "huge column". This accumulation has exceeded the previous accumulation of $16,000 (the historical low price of this round), becoming the most prominent price column on URPD.
The formation of the "huge column" means that a large number of BTC trading activities have occurred at this price point, including ETF wallets, OTC chain transfers, and transfers in and out between exchanges. This shows that at the price point of $66,000, there is a fierce game between long and short parties in the market.
Game means disagreement. When the disagreement reaches a certain level, a "huge column" will be formed in the data, and then the market will soon make a choice in direction: either the price rises rapidly and a huge amount of chips form support; or the price falls and a huge amount of chips becomes selling pressure.
Previously, a huge volume column was formed at $61,000 on June 30, and then the market experienced a nearly 20% correction. The "huge volume column" formed this time is higher, and the situation is similar.
The current market has expectations for the Bitcoin Conference and Trump's speech, and the mood is relatively stable. But there is also the possibility of capital rushing or anticipating transactions.
Personally, I think it may not be a good time to intervene now, and we should observe carefully.
However, there is also good news to tell you. Personally, there is a project in OK that is ready to do market value ambush. The coin brought old fans into the market at the end of last year, and left in March this year, taking 7 times the profit (old fans who have guessed it are confidential). Small-scale action, OK has bullets to join the team! Like, follow, comment 168
