From the perspective of the larger quarterly line of Bitcoin, the last quarterly line is above the support line, and the new quarterly line has just begun, so I think the risk of a sharp drop in Bitcoin is too small (although retail investors basically have no Bitcoin) The panic index has reached its lowest point in nearly a year in recent times, and it has reached an extremely panicked state in the past few days. The continued panic has caused more people to cut their losses and leave the market. At present, most people think that Bitcoin is gone, especially the copycat bulls. Bitcoin double tops are the most well-known content recently, but double tops can also become double bottoms. At present, whether from the macro-positive, policy-positive, or population dimensions, Bitcoin is far from over. The market has not been good in the past few months, so it will fall if it is not unlocked. Unlocking may not be approved, but retail investors are approved to get off the bus, so we see that the coins unlocked on the same day will fall sharply. I think at least half of them are chips thrown away by retail investors.

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