Let's break down this news flash:
① What happened: Bloomberg: Bitcoin's steady decline is driving traders to despair, putting pressure on both market confidence and institutional demand.
② Why it matters: The news is bearish, and sentiment and leveraged funds are the first to be affected. The key thing to watch is whether the selling pressure is released all at once or builds gradually.
③ What I'll be watching: Whether the price can hold above the level it was at before the news broke, and whether more details or an official statement follow.
④ What I'll do: I won't jump in yet. I'll wait for the selling pressure to clear and the candlesticks to stabilize before reassessing.
Back to the chart: $BTC latest price 65731.6, 24h -2.13%, intraday range 62006 ~ 67523.05.
The more a story floods your feed, the more you should watch the big players. If it were you, would you act or stay on the sidelines?
① What happened: Bloomberg: Bitcoin's steady decline is driving traders to despair, putting pressure on both market confidence and institutional demand.
② Why it matters: The news is bearish, and sentiment and leveraged funds are the first to be affected. The key thing to watch is whether the selling pressure is released all at once or builds gradually.
③ What I'll be watching: Whether the price can hold above the level it was at before the news broke, and whether more details or an official statement follow.
④ What I'll do: I won't jump in yet. I'll wait for the selling pressure to clear and the candlesticks to stabilize before reassessing.
Back to the chart: $BTC latest price 65731.6, 24h -2.13%, intraday range 62006 ~ 67523.05.
The more a story floods your feed, the more you should watch the big players. If it were you, would you act or stay on the sidelines?
