furan
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#ETH็ช็ ด4000
FURAN
Today, the overall cryptocurrency market experienced a pullback, mainly influenced by multiple overlapping factors.
First, from a macro perspective, recent comments from Federal Reserve officials have been hawkish, and the market's certainty regarding a rate cut in September has decreased, leading to a cautious sentiment in the funding; the US dollar index has slightly strengthened, which has also suppressed cryptocurrency asset prices to some extent.
Second, from a technical perspective, Bitcoin encountered significant resistance at previous high levels, failing to break through key points during its rally, which triggered profit-taking in the short term and caused mainstream cryptocurrencies to pull back simultaneously. High Beta assets like Ethereum saw slightly larger declines, with funds flowing back from high-risk assets into stablecoins and mainstream BTC positions.
Additionally, in the derivatives market, the long leverage ratio is relatively high, and price dips triggered a certain scale of long position liquidations, amplifying the downward movement.
Overall, this round of pullback is a healthy adjustment at high levels and has not damaged the mid-term upward structure. As long as trading volume does not continue to shrink, there is still a possibility for a secondary rally after the market stabilizes in the support zone.
FURAN
Today, the overall cryptocurrency market experienced a pullback, mainly influenced by multiple overlapping factors.
First, from a macro perspective, recent comments from Federal Reserve officials have been hawkish, and the market's certainty regarding a rate cut in September has decreased, leading to a cautious sentiment in the funding; the US dollar index has slightly strengthened, which has also suppressed cryptocurrency asset prices to some extent.
Second, from a technical perspective, Bitcoin encountered significant resistance at previous high levels, failing to break through key points during its rally, which triggered profit-taking in the short term and caused mainstream cryptocurrencies to pull back simultaneously. High Beta assets like Ethereum saw slightly larger declines, with funds flowing back from high-risk assets into stablecoins and mainstream BTC positions.
Additionally, in the derivatives market, the long leverage ratio is relatively high, and price dips triggered a certain scale of long position liquidations, amplifying the downward movement.
Overall, this round of pullback is a healthy adjustment at high levels and has not damaged the mid-term upward structure. As long as trading volume does not continue to shrink, there is still a possibility for a secondary rally after the market stabilizes in the support zone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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