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The market is weak and waiting for the hot spots to take over
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🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.
🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.