$BTC I underestimated the severity of this fall; it is very abnormal and irrational, with not even a decent rebound. I wonder if certain encryption institutions or Whales are facing financial crises and are eager to trap cash, which has led to this dumping?
Currently, Bitcoin's support at $88,000 has temporarily broken down. I have reanalyzed the new reference support levels for Bitcoin's daily chart, which are $84,000 and the support range of $70,000-$74,000.
In terms of operation, I only hold a small amount of spot assets and have not made further purchases. It is recommended to wait until the daily line stabilizes at a certain support level mentioned above before considering going long or buying spot assets, which would be safer.
Support levels: 84000, 74000; resistance levels: 90000, 94000.
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$BTC I underestimated the severity of this fall; it is very abnormal and irrational, with not even a decent rebound. I wonder if certain encryption institutions or Whales are facing financial crises and are eager to trap cash, which has led to this dumping?
Currently, Bitcoin's support at $88,000 has temporarily broken down. I have reanalyzed the new reference support levels for Bitcoin's daily chart, which are $84,000 and the support range of $70,000-$74,000.
In terms of operation, I only hold a small amount of spot assets and have not made further purchases. It is recommended to wait until the daily line stabilizes at a certain support level mentioned above before considering going long or buying spot assets, which would be safer.
Support levels: 84000, 74000; resistance levels: 90000, 94000.