Let’s break down this update:
① What happened: Data: BTC fell below $70,000
② Why it matters: The news is mildly bearish; the first things affected are sentiment and leveraged funds. The key question is whether the selling pressure will continue.
③ What I’m watching: Are large orders buying or selling, and how did the market move when similar events happened before?
④ What I’m doing: I’m not catching the knife for now; I’ll wait until the selling pressure is released and the candlesticks stabilize.
Back to price, $BTC latest 70113.91, 24h -5.04%, intraday range 69900 ~ 73884.01.
News impacts usually show up in sentiment first; direction still depends on capital flows. Do you think the market has fully priced in the capital?
① What happened: Data: BTC fell below $70,000
② Why it matters: The news is mildly bearish; the first things affected are sentiment and leveraged funds. The key question is whether the selling pressure will continue.
③ What I’m watching: Are large orders buying or selling, and how did the market move when similar events happened before?
④ What I’m doing: I’m not catching the knife for now; I’ll wait until the selling pressure is released and the candlesticks stabilize.
Back to price, $BTC latest 70113.91, 24h -5.04%, intraday range 69900 ~ 73884.01.
News impacts usually show up in sentiment first; direction still depends on capital flows. Do you think the market has fully priced in the capital?