$BTC $ETH are weakening in tandem, with bears dominating the market. What should you do next?
Major cryptocurrencies have taken a hard hit. BTC and ETH are weakening in tandem, and bears have taken the initiative.
Sister Yue has been warning everyone for some time that institutional spot outflows are continuing. BlackRock has started selling spot assets, yet many retail traders are still crowded into futures contracts trying to buy the dip. Today, the market has given us the answer.
Moving averages across multiple timeframes are aligned bearishly, and prices are hugging the lower Bollinger Band with little strength in the rebound. Sell orders are piling up above on the order book, and selling pressure has yet to be absorbed.
Selling pressure from institutional investors and large holders is still being released. The trend on higher timeframes is down, so the priority for now is to look for short opportunities.
If you're stuck in a position and don't know what to do, looking for a suitable exit point, or haven't entered yet and are waiting for an opportunity, come join us at 聊天室 to exchange ideas. I'll share some guidance during the trading session.
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录
Major cryptocurrencies have taken a hard hit. BTC and ETH are weakening in tandem, and bears have taken the initiative.
Sister Yue has been warning everyone for some time that institutional spot outflows are continuing. BlackRock has started selling spot assets, yet many retail traders are still crowded into futures contracts trying to buy the dip. Today, the market has given us the answer.
Moving averages across multiple timeframes are aligned bearishly, and prices are hugging the lower Bollinger Band with little strength in the rebound. Sell orders are piling up above on the order book, and selling pressure has yet to be absorbed.
Selling pressure from institutional investors and large holders is still being released. The trend on higher timeframes is down, so the priority for now is to look for short opportunities.
If you're stuck in a position and don't know what to do, looking for a suitable exit point, or haven't entered yet and are waiting for an opportunity, come join us at 聊天室 to exchange ideas. I'll share some guidance during the trading session.
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录
