First, the data: $BTC 69355.13 (24h -5.61%)
News: Viewpoint: All of BTC’s technical support levels have failed, and total realized losses are nearing bear-market-bottom levels.
When negative news breaks, panicked investors tend to sell first. Only afterward does the true level of buying support become clear. It’s also worth comparing projects in the same sector to see whether this is an isolated case or part of a sector rotation.
News: Viewpoint: All of BTC’s technical support levels have failed, and total realized losses are nearing bear-market-bottom levels.
When negative news breaks, panicked investors tend to sell first. Only afterward does the true level of buying support become clear. It’s also worth comparing projects in the same sector to see whether this is an isolated case or part of a sector rotation.