2.6 Morning Market Overview: BTC plummeted 13,200 points #加密市场回调 $BTC
BTC closed with a solid bearish candlestick this morning, marking three consecutive daily declines, with no bottom in sight.
BTC fell from around 7.3 yesterday to a closing price of 8 this morning, plummeting 13,200 points; the market is in chaos with signs of despair everywhere, nearly all altcoins have collapsed, and everyone's assets are shrinking further; as of now, there are 599,830 liquidations across the network, amounting to 2.7 billion, with long positions at 2.32 billion and short positions at 388 million.
If you have idle funds, you can start dollar-cost averaging into BTC, reasonably controlling your position and gradually reducing your holdings; the initial order of 60,000 was filled this morning at the spike, next position is 55,000; although there is no bottom, as long as you allocate funds reasonably to buy BTC, see you in the next cycle; do not buy altcoins, as their final outcome is zero; currently, BTC miners' operating price is between 6-6.5, and if it falls below this level, miners will struggle to survive.
Analyzing the current market from any technical indicator perspective is meaningless; just observe more; if you can control your hands, you have already won 90% of the time.
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