Loading...
Trader Murphy stated that over 2 million BTC were traded in the range of $62000 to $64000, causing a large number of holders to have similar costs and lower short-term selling willingness. BTC has experienced a low volatility sideways trend for nearly two months, rising from $64000 to $75000 within three days. However, the number of chips around $63000 has not significantly decreased, and the range of chips between $68000 and $74000 is still relatively sparse. Murphy expects that as prices rise, chips may gradually loosen and form new chip intensive areas; If no new effective support is formed, BTC may test the support strength of the 62000 to 63000 dollar chip intensive area again.