$DOGE Crypto markets have taken another nosedive; this time it’s not really the broker’s fault
Brothers, we’d barely pulled it up for a couple of days when the crypto market softened again. $BTC $ETH was hammered straight down from 87,000 to below 86,000, while the altcoins were a complete mess.
This time, it’s not really a conspiracy theory—put simply, it boils down to three things:
First, the Federal Reserve turned hawkish again. Interest was just raised in September, and the officials immediately signaled that they might add more hikes before year-end. Non-yielding assets were basically forced down.
Second, it ran up too much—time to leave. A few days ago it went from 60,000 to 87,000. The fear-and-greed index practically hit “extreme greed.” If the profit positions don’t take off, what are they waiting for—New Year?
Third, the order book is paper-thin. In the top 5 levels, buy/sell depth is only about 0.25 BTC. Send in any big order and it can punch through. Once that buy wall at 86,393 gets broken, support turns into a vacuum.
In the short term, it’ll come down to whether 85,173 can hold. If it breaks, it heads to 84,000. Don’t rush to bottom-fish—let the bullets fly for a bit. #AI股持续上涨还有哪些投资机会 #比特币突破8.7万美元创八个月新高 #ZEC突破1600美元创新高 #狗狗币上涨15%
Brothers, we’d barely pulled it up for a couple of days when the crypto market softened again. $BTC $ETH was hammered straight down from 87,000 to below 86,000, while the altcoins were a complete mess.
This time, it’s not really a conspiracy theory—put simply, it boils down to three things:
First, the Federal Reserve turned hawkish again. Interest was just raised in September, and the officials immediately signaled that they might add more hikes before year-end. Non-yielding assets were basically forced down.
Second, it ran up too much—time to leave. A few days ago it went from 60,000 to 87,000. The fear-and-greed index practically hit “extreme greed.” If the profit positions don’t take off, what are they waiting for—New Year?
Third, the order book is paper-thin. In the top 5 levels, buy/sell depth is only about 0.25 BTC. Send in any big order and it can punch through. Once that buy wall at 86,393 gets broken, support turns into a vacuum.
In the short term, it’ll come down to whether 85,173 can hold. If it breaks, it heads to 84,000. Don’t rush to bottom-fish—let the bullets fly for a bit. #AI股持续上涨还有哪些投资机会 #比特币突破8.7万美元创八个月新高 #ZEC突破1600美元创新高 #狗狗币上涨15%
