The most concerned question now is whether the market will continue to fall?
This question is very difficult to answer, and anyone who can give you an accurate answer is fooling you.
From a technical point of view, the position of Bitcoin 65,000 is very critical. If it can stand firm, then the market can also be stabilized.
If it falls below, it will be very dangerous.
Bitcoin has not actually fallen much, but the altcoins have plummeted. Why did the altcoins plummet? Because the major exchanges have listed new coins too frequently.
Market funds have not increased, and all funds have been dispersed.
This has caused the phenomenon that altcoins have actually been falling, and even if they rise, the increase is very small. This time, the rapid callback of Bitcoin and Ethereum has scared the market, and the altcoins can no longer withstand the collapse.
In fact, Thirteen likes the current market. The previous market has been fluctuating in a range, neither hot nor cold, and it can neither go up nor down.
Either it goes up directly, or it goes down directly.
So Thirteen thinks that falling is a good thing.
The market has started to move. No matter how the bull market moves, it is a good thing. The most feared thing is that it does not move.
But Bitcoin still remains above 65,000. Some people think that it has not fallen through, which is actually very reasonable.
At the daily level, Bitcoin has fallen below the middle track of the Bollinger Band, and it is very likely to continue to step back to the lower track of the Bollinger Band, which is 62,000~63,000.
If it falls further, we may see Bitcoin starting with 5. If it really reaches 52,000, Thirteen will go all-in and double the leverage, and then delete the app and have fun with everyone in Thirteen Circles every day.