BTC大跌
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The current downturn is essentially driven by the risk aversion stemming from fears of a tulip bubble burst. Major US institutional funds are continuously pulling out of the stock market to convert to cash, leading to four consecutive declines in the NASDAQ. It seems we have returned to the situation from eight years ago during Trump's presidency, as the high debt levels in the US, combined with the unpredictable nature of Trump's policies, have led to concerns about the US economy being on shaky ground, and it appears we are beginning to see a similar narrative unfold. #BTC大跌 #ETH走势分析
Returning to BTC, since Trump's election campaign in November last year, the major consolidation built over three months has been broken, directly damaging smaller structures. Currently, the support around 85000 is almost reached, and there may be opportunities for a rebound in this vicinity. The probability of Bitcoin reaching new highs seems to be decreasing, and it is advised not to focus on new highs, but instead to approach the market segment by segment for better results. A structure around 85000 still presents opportunities for phased buying. Moving forward, there is still a relatively positive outlook for ETH.
Manage risk well; the uncertainty in the economy poses significant risks to the financial trading market.
The current downturn is essentially driven by the risk aversion stemming from fears of a tulip bubble burst. Major US institutional funds are continuously pulling out of the stock market to convert to cash, leading to four consecutive declines in the NASDAQ. It seems we have returned to the situation from eight years ago during Trump's presidency, as the high debt levels in the US, combined with the unpredictable nature of Trump's policies, have led to concerns about the US economy being on shaky ground, and it appears we are beginning to see a similar narrative unfold. #BTC大跌 #ETH走势分析
Returning to BTC, since Trump's election campaign in November last year, the major consolidation built over three months has been broken, directly damaging smaller structures. Currently, the support around 85000 is almost reached, and there may be opportunities for a rebound in this vicinity. The probability of Bitcoin reaching new highs seems to be decreasing, and it is advised not to focus on new highs, but instead to approach the market segment by segment for better results. A structure around 85000 still presents opportunities for phased buying. Moving forward, there is still a relatively positive outlook for ETH.
Manage risk well; the uncertainty in the economy poses significant risks to the financial trading market.
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