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Bitcoin is currently looking at the daily trend, which is basically a daily Bollinger band shock, and the short-term price pullback is effectively supported by the second support we mentioned yesterday near 65,500.
The good news is that there is no temporary breakdown, the bad news is that the daily Bollinger bands are still contracting, and if the price cannot break through the upper daily line before the contraction, then it may be a test for the future trend and the strength of the support level.
Bitcoin has not fallen below the effective core support, the cottage has been scared to pee, this way is still caused by emotional panic, to put it bluntly, the copycat market in the crypto market represents a higher risk area, and at present, the global investor sentiment is a bit of a rumor by geographical and other factors, the risk atmosphere of the cottage must be someone to flee, in the sensitive period of hedging, human nature, we have no way, can only say try not to cause a stampede.
In terms of data, there was a small outflow of funds from Asia, and the outflow of funds from the United States was suspended, but there was no return, and the funds were still worrying. The market is not desperate, if you really can't hold it, you can reduce your position appropriately, but really don't rush to clear your position, otherwise it will cause a stampede, and the result is not good for everyone.
Of course, the best news is that it is now the weekend, and the shrinkage of bitcoin has gradually stabilized the market, so that the copycat market may slowly calm down.
#本轮牛市你最看好的币种及看好原因?