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Ansem: Cryptocurrency or leading indicators of market risk preferences turning, stock indices will confirm the downward trend if they fall
DeepFlowTech
BTC5,42%
In the latest TechFlow news, on February 25th, encryption KOL Ansem analyzed and stated, "It seems that BTC has broken through the support level of the trough and has surpassed the trading range of the high time frame.
The key price level for maintaining a bearish view in the high time frame is around $96,500. It is worth noting that there has been no bearish range breakthrough in the high time frame in this cycle, only a downward deviation so far. Let’s wait and see.
I believe the main issue at present is whether the encryption market is leading the risk aversion sentiment of the overall market. If stock indices also decline in the coming weeks, it is more likely the beginning of a downtrend rather than a minor correction in an uptrend.
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