Crypto is dead, burn some paper if you have issues!
Following the drop but not the rise, what's going on with crypto?
Today the US stock market had a big rebound, QQQ directly bounced back 2 points,
SanDisk $SNDK rebounded 10 points directly,
Our crypto, the rebound is weak!
Ethereum $ETH is currently stuck at 2060 and can't go higher,
Bitcoin $BTC also can't hold above 74000.
A few days ago, the US stock market fell sharply.
The Nasdaq 100 ETF dropped straight from 764 to 635,
which is the biggest correction in recent years.
When 764 surged and then fell back, I felt it was very likely to correct.
Didn't expect the correction to be so sudden and deep. It can be said that this round of big drop in the crypto market
was mainly driven by the US stock market.
There was no black swan event in the crypto market itself, except for that one thing.
But it still keeps falling. To be honest,
I originally thought Ethereum's correction to 2200 was the limit,
but didn't expect it to really go down to 2000,
directly breaking the bull market logic.
Today the US stock market is all rebounding,
but the crypto market's rebound is weak!
Brothers, what do you think is going on?
Is the bear market going to continue?
Check my pinned post to discuss.
Following the drop but not the rise, what's going on with crypto?
Today the US stock market had a big rebound, QQQ directly bounced back 2 points,
SanDisk $SNDK rebounded 10 points directly,
Our crypto, the rebound is weak!
Ethereum $ETH is currently stuck at 2060 and can't go higher,
Bitcoin $BTC also can't hold above 74000.
A few days ago, the US stock market fell sharply.
The Nasdaq 100 ETF dropped straight from 764 to 635,
which is the biggest correction in recent years.
When 764 surged and then fell back, I felt it was very likely to correct.
Didn't expect the correction to be so sudden and deep. It can be said that this round of big drop in the crypto market
was mainly driven by the US stock market.
There was no black swan event in the crypto market itself, except for that one thing.
But it still keeps falling. To be honest,
I originally thought Ethereum's correction to 2200 was the limit,
but didn't expect it to really go down to 2000,
directly breaking the bull market logic.
Today the US stock market is all rebounding,
but the crypto market's rebound is weak!
Brothers, what do you think is going on?
Is the bear market going to continue?
Check my pinned post to discuss.