#分散资产
Bitcoin has formed a bearish candlestick with a lower shadow in the morning, while the weekly candle has formed a bearish candlestick with upper and lower shadows, just a step away from the previous weekly low.
Yesterday at the Hong Kong Web3 blockchain conference, various market participants gathered, and the curse of price drops during conferences will never be broken; why? Because conferences require a lot of capital, and each project party starts to sell off to retail investors, leaving bloody chips everywhere in the market.
Bitcoin has broken the important support level of 81.2K, with the lowest dip at 77.1K, just 551 points away from the previous low; currently, the resistance levels above are 79.9K, 81.2K, and 82.2K, while the support levels below are 78K and 76.5K; it is not advisable to catch the falling knife in the current market; wait for a break of the previous low before buying for a rebound, or wait for a rebound near 81.2K to enter short positions since the current market is unstable and high shorts are more suitable; spot prices are currently at market lows, those with capital in cash can enter positions at market price for their targets, and add to their positions when Bitcoin breaks the previous low.
After the implementation of Trump's tariffs, Bitcoin did not correct nor follow the U.S. stock market's decline; there must be something unusual happening, and as expected, today it started to plummet due to the extreme conditions. Now it depends on whether the Federal Reserve will step in to save the market and release liquidity to revive the stock market and cryptocurrencies; U.S. federal funds futures suggest the Fed will cut rates 5 times by 120 basis points this year, so don’t fall in the darkness before dawn, wait for the market to lower rates and unleash a violent bull run.
Bitcoin has formed a bearish candlestick with a lower shadow in the morning, while the weekly candle has formed a bearish candlestick with upper and lower shadows, just a step away from the previous weekly low.
Yesterday at the Hong Kong Web3 blockchain conference, various market participants gathered, and the curse of price drops during conferences will never be broken; why? Because conferences require a lot of capital, and each project party starts to sell off to retail investors, leaving bloody chips everywhere in the market.
Bitcoin has broken the important support level of 81.2K, with the lowest dip at 77.1K, just 551 points away from the previous low; currently, the resistance levels above are 79.9K, 81.2K, and 82.2K, while the support levels below are 78K and 76.5K; it is not advisable to catch the falling knife in the current market; wait for a break of the previous low before buying for a rebound, or wait for a rebound near 81.2K to enter short positions since the current market is unstable and high shorts are more suitable; spot prices are currently at market lows, those with capital in cash can enter positions at market price for their targets, and add to their positions when Bitcoin breaks the previous low.
After the implementation of Trump's tariffs, Bitcoin did not correct nor follow the U.S. stock market's decline; there must be something unusual happening, and as expected, today it started to plummet due to the extreme conditions. Now it depends on whether the Federal Reserve will step in to save the market and release liquidity to revive the stock market and cryptocurrencies; U.S. federal funds futures suggest the Fed will cut rates 5 times by 120 basis points this year, so don’t fall in the darkness before dawn, wait for the market to lower rates and unleash a violent bull run.