What exactly happened to BTC today?
Recently, Bitcoin fell from 86,000 to hit a low at 80,000
Why?
Because the U.S. stock market opened lower today. U.S. borrowing rates are as high as 7.00%, so the cost of borrowing for companies increases. As a result, corporate profits decline, which leads to the U.S. stock market falling today
Today, Bitcoin dropped from 83,000 to 80,000 and hit a low. The total liquidation amount was 2.4e. Long liquidations were 2.3e, and short liquidations were only a little over ten million. It’s because long liquidations caused the two rounds of dips (two levels), and combined with the U.S. market also falling,
ol The total amount decreased from 373.3e to 364.8e. The amount fell by 8.5e. But the total liquidation amount was only 2.4e. So this move from 83,000 down to 80,000 was driven by short liquidations, plus the long OI cancel-order situation pushing price down to 80,000.
Next, key support levels are
79,000
75,000
70,000
If the market can hold around 80,000, then the price can continue moving upward to
83,000
85,000
89,000
So don’t panic at this time—keep adding to spot positions. Long-term, BTC is promising
#BTC
#BTC走势分析
Recently, Bitcoin fell from 86,000 to hit a low at 80,000
Why?
Because the U.S. stock market opened lower today. U.S. borrowing rates are as high as 7.00%, so the cost of borrowing for companies increases. As a result, corporate profits decline, which leads to the U.S. stock market falling today
Today, Bitcoin dropped from 83,000 to 80,000 and hit a low. The total liquidation amount was 2.4e. Long liquidations were 2.3e, and short liquidations were only a little over ten million. It’s because long liquidations caused the two rounds of dips (two levels), and combined with the U.S. market also falling,
ol The total amount decreased from 373.3e to 364.8e. The amount fell by 8.5e. But the total liquidation amount was only 2.4e. So this move from 83,000 down to 80,000 was driven by short liquidations, plus the long OI cancel-order situation pushing price down to 80,000.
Next, key support levels are
79,000
75,000
70,000
If the market can hold around 80,000, then the price can continue moving upward to
83,000
85,000
89,000
So don’t panic at this time—keep adding to spot positions. Long-term, BTC is promising
#BTC
#BTC走势分析