#暴跌 A massive crash is coming? Bitcoin falls below 80,000—is the crypto market about to collapse?
I advise everyone not to focus on short-term price movements. With the interest rate meeting and midterm elections approaching, volatility is perfectly normal. Major players may also use these events, along with short-term price trends, to influence retail investors' sentiment.
Looking at Bitcoin's weekly chart, after finding support at 58,000, it began a new uptrend. For now, it's rising on strong volume and pulling back on lighter volume, so the broader trend is still upward.
There may be shorting opportunities during brief wick-downs, but you never know when a big bullish candle might send prices soaring. Be cautious about shorting—watch out for traps set by major players!
I advise everyone not to focus on short-term price movements. With the interest rate meeting and midterm elections approaching, volatility is perfectly normal. Major players may also use these events, along with short-term price trends, to influence retail investors' sentiment.
Looking at Bitcoin's weekly chart, after finding support at 58,000, it began a new uptrend. For now, it's rising on strong volume and pulling back on lighter volume, so the broader trend is still upward.
There may be shorting opportunities during brief wick-downs, but you never know when a big bullish candle might send prices soaring. Be cautious about shorting—watch out for traps set by major players!