In the short term, $BTC has been in a sideways range of approximately 123300-113000 for about 17 days. I believe it is a period of upward consolidation. Once it digests the 80,000 in sell-offs, it will inevitably launch a new round of upward movement. Personally, I am optimistic that BTC will aim for 130,000 in August. If there is a recent adjustment to the range of 113800-112400, it will directly be the contract bottom-buying zone, and there is no need for excessive worry; a deeper adjustment is unlikely to occur.
In the long term (within the next 3-4 months), the amount of accumulation by long-term holders far exceeds that of miners, and BTC is in a state of supply contraction. Even if there is a volume-less rise in the short term, as long as there is some buying pressure, it will basically rebound quickly. Therefore, even if there is a sell-off of 80,000 BTC in the recent market, there will not be a deep adjustment because institutions are continuously buying on dips. A significant correction will only happen when monetary policy tightens, and institutions are pressured to start selling, which would result in a real large pullback, i.e., a non-technical bear market.
#BTC #ETH #bnb
In the long term (within the next 3-4 months), the amount of accumulation by long-term holders far exceeds that of miners, and BTC is in a state of supply contraction. Even if there is a volume-less rise in the short term, as long as there is some buying pressure, it will basically rebound quickly. Therefore, even if there is a sell-off of 80,000 BTC in the recent market, there will not be a deep adjustment because institutions are continuously buying on dips. A significant correction will only happen when monetary policy tightens, and institutions are pressured to start selling, which would result in a real large pullback, i.e., a non-technical bear market.
#BTC #ETH #bnb
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,531.64
+1.43%
