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August 16/Bitcoin bottoms out with weakness, sharp drop is an opportunity
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#saga #wif #TON #sol #ETH
🔹Reviews of Cognitive Society
Bitcoin fell to 57,700 and then rebounded to 60,000.
Another 60,000 fell sharply by 56,000. Although there is no negative news, there are too many people who are long on the contract. The change range of the ratio of long and short Bitcoin on Binance within 24 hours on August 16 is: 1.6 to 2.5
This shows that many people are betting on short-term profits in volatile markets. In an environment where the market depth itself is problematic, too many people are fighting in the contract market, resulting in repeated one-sidedness in the market and repeated double-killing of longs and shorts.
#saga #wif #TON #sol #ETH
🔹Reviews of Cognitive Society
Bitcoin fell to 57,700 and then rebounded to 60,000.
Another 60,000 fell sharply by 56,000. Although there is no negative news, there are too many people who are long on the contract. The change range of the ratio of long and short Bitcoin on Binance within 24 hours on August 16 is: 1.6 to 2.5
This shows that many people are betting on short-term profits in volatile markets. In an environment where the market depth itself is problematic, too many people are fighting in the contract market, resulting in repeated one-sidedness in the market and repeated double-killing of longs and shorts.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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