The altcoin has already started to fall in advance. What is the reason for the fall? #BTC走势分析
Bitcoin has also diverged in volume and price at the four-hour level, and Ethereum's volume and price divergence is more obvious.
Therefore, we should be prepared for both situations. First, 64560 is the rebound high point, and second, 65450 is the rebound high point. There is a high probability of a second bottoming out and falling. I don't believe that Bitcoin will V-reverse right now.
Below I summarize 3 views on the decline
1) Due to the rising unemployment rate in the United States, the Fed's interest rate cut is likely to be brought forward to September;
2) ETF institutions all had net inflows on Thursday, and Grayscale also bought 65 million;
3) The general retail investors were bearish to 520 a few days ago. The market is often contrary to the public's expectations. Either it falls below 520, or 566 is the bottom;
Based on the above analysis, the probability of BTC bottoming out near 566 is high. After rebounding to 6545, it is possible to bottom out again at 610 or 590. Wait patiently
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