Hua Zi couldn't hold back any longer; the market is in a vicious cycle where the more it falls, the more it is sold, and the lower it goes.
Currently, it's clear that there is significant capital entering the market, but whether it can hold is still uncertain, mainly because the U.S. stock market and gold and silver are unstable; we need to continue observing. The downward momentum of Bitcoin shows no signs of weakening and remains strong. We still need to test it a second time.
This is no longer a matter of technical analysis; it is a panic death spiral. No one knows where the bottom is; prices are determined by panic emotions. If you don't want to be a scapegoat, just wait a little longer. Wait for a signal to stop the decline, and then take action.
BTCUSDT
Perp
66,199.5
-1.34%
ETHUSDT
Perp
1,935.99
-1.71%
XRPUSDT
Perp
1.3534
-1.87%