Market Focus 31/5
This morning, the market was engulfed in red as $BTC broke through the support level of 105,000 USD. A total of 841 million USD in Futures orders were liquidated in the past 24 hours, mainly Long orders amounting to 767 million USD.
After breaking the support level, BTC continued to decline sharply with the opening price today at $103,985. The current price range is very important for BTC, as a strong rebound could break the ATH, while failing to hold the support level could send BTC back to the low 90s.
For Altcoin, $LPT is still moving against the trend with an increase of over 160% in one day, while most others remain in the red.
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