Wall Street community live broadcast: Bitcoin falls below 100000 again, is it still far from the panic stampede of retail investors?
Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 1. Affected by macro news (Federal Reserve statements, economic risks) and capital outflows are the main driving forces, leading to panic selling in the market. Long term holders (LTH) have sold 815000 BTC worth $79 billion in the past 30 days; BTC continues to weaken, once again falling below the 100000 mark, and the price target is once again aimed at the 88000 gap. 2. Ethereum (ETH): Strong relative to Bitcoin, with an increase in ETH/BTC ratio, may test resistance of 0.04. But the absolute price fell by 5.8%, and the short-term trend is bearish. After the option expires, if there is no new catalyst, it is easily dragged down by Bitcoin. Negative news (such as capital outflows and economic uncertainty) reinforces signals of technological downturn, and option expiration may trigger more liquidation, forming a vicious cycle. In the short term, the risk tends to decline and is suitable for short selling Bitcoin or the overall market index. Tonight's live broadcast will discuss how to find a callback location and enter the market accordingly. Welcome to interact Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
