#认知社 Waiting for a sharp drop
See original
LIVE认知社
--
June 23/Bitcoin is down, it may take a sharp drop before a big rebound
Daily high-quality updates, spend your precious two seconds 👆 click to follow and you won’t be lost
🔹Reviews of Cognitive Society
On June 23, Bitcoin fell to around 64,000. The decline was small, but due to the long-term decline, the market's copycats dared not rebound.
The inability to rebound after such a sharp drop has made the market completely desperate. If the Bitcoin spot ETF flows out again, it is likely that Bitcoin will need a sharp drop to stabilize the market.
There is no particularly strong support level for Bitcoin at this position. 59,000 is considered average, because many institutions are selling Bitcoin spot ETFs and preparing to build positions in Ethereum spot ETFs.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
🔹Reviews of Cognitive Society
On June 23, Bitcoin fell to around 64,000. The decline was small, but due to the long-term decline, the market's copycats dared not rebound.
The inability to rebound after such a sharp drop has made the market completely desperate. If the Bitcoin spot ETF flows out again, it is likely that Bitcoin will need a sharp drop to stabilize the market.
There is no particularly strong support level for Bitcoin at this position. 59,000 is considered average, because many institutions are selling Bitcoin spot ETFs and preparing to build positions in Ethereum spot ETFs.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
