That move by Coinbase probably jolted quite a few people waiting to buy the dip awake. $COIN fell 10.15% in a day, with OKX futures trading at 136.68—just a step above the 24-hour low of 133.60.
With exchange stocks falling this hard, sentiment in crypto probably won’t be much better. 133.60 is right below us: if it doesn’t hold, we’re looking at a new low; if it does, that’s only a chance to catch our breath.
I’d rather sit tight for now. After a drop this sharp, both chasing a bounce and selling into the fall can easily go wrong. But if it can climb back above the 152.30 area, I’ll change my mind right away—that would show the bulls still have enough strength to step back in.
What do you think—will tonight’s move in U.S. stocks spill over into crypto?
#美股 #Coinbase
With exchange stocks falling this hard, sentiment in crypto probably won’t be much better. 133.60 is right below us: if it doesn’t hold, we’re looking at a new low; if it does, that’s only a chance to catch our breath.
I’d rather sit tight for now. After a drop this sharp, both chasing a bounce and selling into the fall can easily go wrong. But if it can climb back above the 152.30 area, I’ll change my mind right away—that would show the bulls still have enough strength to step back in.
What do you think—will tonight’s move in U.S. stocks spill over into crypto?
#美股 #Coinbase