牛虾虾
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牛虾虾
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BTC is once again ‘playing dead’ near $63,000The hardest part of watching the chart these past couple of days isn’t actually the crash.
It’s that it keeps grinding sideways.
If it goes up a little, you’re afraid to chase it and get trapped;
It dips a bit, but it won’t go down decisively and painlessly.
As of today, BTC is roughly around $63,000. It barely moved over the past 24 hours, but it’s down about 3% over the last week. The intraday trading range is only around 1%, and volume is still shrinking.
Translated into plain human language, it means:
Buyers aren’t in a hurry, and sellers haven’t fully surrendered yet.
Around $62,500 there are temporarily some people stepping in, but once you get above $63,000 to $65,000, you can clearly feel the selling pressure. Talking about a reversal is a bit too early; going outright short seems to be missing the final push, too.
BTC is once again ‘playing dead’ near $63,000
The hardest part of watching the chart these past couple of days isn’t actually the crash.
It’s that it keeps grinding sideways.
If it goes up a little, you’re afraid to chase it and get trapped;
It dips a bit, but it won’t go down decisively and painlessly.
As of today, BTC is roughly around $63,000. It barely moved over the past 24 hours, but it’s down about 3% over the last week. The intraday trading range is only around 1%, and volume is still shrinking.
Translated into plain human language, it means:
Buyers aren’t in a hurry, and sellers haven’t fully surrendered yet.
Around $62,500 there are temporarily some people stepping in, but once you get above $63,000 to $65,000, you can clearly feel the selling pressure. Talking about a reversal is a bit too early; going outright short seems to be missing the final push, too.
It’s that it keeps grinding sideways.
If it goes up a little, you’re afraid to chase it and get trapped;
It dips a bit, but it won’t go down decisively and painlessly.
As of today, BTC is roughly around $63,000. It barely moved over the past 24 hours, but it’s down about 3% over the last week. The intraday trading range is only around 1%, and volume is still shrinking.
Translated into plain human language, it means:
Buyers aren’t in a hurry, and sellers haven’t fully surrendered yet.
Around $62,500 there are temporarily some people stepping in, but once you get above $63,000 to $65,000, you can clearly feel the selling pressure. Talking about a reversal is a bit too early; going outright short seems to be missing the final push, too.
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Article
SPCX is back at $139—this time I actually don’t want to rush to call it a breakoutJust looking at SPCX again today—the price is back around $139.
In the past 24 hours it once touched above $144, then fell back; over the past week it’s still up by about 8%. If you stretch the timeline a bit more: it dropped to a low of $105 on August 3, and has since bounced back by roughly 30% from the low.
This chart looks really thrilling.
Two months ago it hit a peak of $225, then kept getting smashed down to $105; when everyone thought it would keep falling, it suddenly pulled back to around $140.
So seeing people start shouting “back to 200” now doesn’t surprise me at all.
SPCX is back at $139—this time I actually don’t want to rush to call it a breakout
Just looking at SPCX again today—the price is back around $139.
In the past 24 hours it once touched above $144, then fell back; over the past week it’s still up by about 8%. If you stretch the timeline a bit more: it dropped to a low of $105 on August 3, and has since bounced back by roughly 30% from the low.
This chart looks really thrilling.
Two months ago it hit a peak of $225, then kept getting smashed down to $105; when everyone thought it would keep falling, it suddenly pulled back to around $140.
So seeing people start shouting “back to 200” now doesn’t surprise me at all.
In the past 24 hours it once touched above $144, then fell back; over the past week it’s still up by about 8%. If you stretch the timeline a bit more: it dropped to a low of $105 on August 3, and has since bounced back by roughly 30% from the low.
This chart looks really thrilling.
Two months ago it hit a peak of $225, then kept getting smashed down to $105; when everyone thought it would keep falling, it suddenly pulled back to around $140.
So seeing people start shouting “back to 200” now doesn’t surprise me at all.
223
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