š Market shock: Bitcoin falls below key point, what do you think?
Bitcoin and the entire cryptocurrency market have not been doing well recently. As of Monday morning, Bitcoin has been falling all the way and fell below $54,000, which is the lowest point in three weeks. š³
š The reason behind this may be the triggering of the "Sam's Law" that everyone is worried about. The soaring unemployment rate in the United States, coupled with the tension in the Middle East, has made market sentiment very nervous. It seems that the shadow of the US recession is looming over the global market!
š¤·āāļø At the same time, the altcoin market was also unable to escape the disaster. Ethereum, Solana and other tokens were not spared, and prices plunged. Does this mean that the market is looking for a new equilibrium point? Or is this just the calm before the storm?
š„To make matters worse, long positions have suffered large-scale liquidations, and many traders have suffered heavy losses. Will this be a turning point for the market? Or is this just a temporary setback?
š¤Now, the market is still trying to recover from this low, but the pressure is still great. We can only wait and see how this storm caused by macroeconomics and geopolitics will eventually affect our digital wallets.
š£ļøI want to hear your voice. Do you choose to continue holding positions or have you already cleared your positions and waited and seen? Leave a message in the comment area to discuss!
