1.27 Bitcoin once again tested below 87. Is the main force fleeing?
The price is getting lower and lower, which must have tempted many people to enter the market. The lower it goes, the more people buy in; the main force is fleeing, while retail investors keep buying. This is the essence.
Yesterday, gold and US stocks continued to break new highs, while the crypto market was bleeding heavily, lacking liquidity? After careful consideration, I still retreated yesterday.
The first wave of pullback to around 875, then rose to around 888. It is very important that the price holds above 887-891 resistance level; only after breaking through can the bulls continue.
The second wave of pullback to around 873, then entered long positions at the Asian open, reaching a high of around 889, still not breaking the resistance.
The US is about to face a shutdown plan. A government shutdown could bring some uncertainties that might intensify the market. A US government shutdown would restrict the implementation of a series of Trump’s executive orders. In other words, a US government shutdown’s impact on the global economy is certain, but if it doesn’t shut down, Trump’s antics and geopolitical maneuvers will bring even greater uncertainty. Therefore, a shutdown could actually limit Trump’s hype and escalation of these events.
BTC trading suggestion: 873-877, defend at 800 points, target 896, break through to see 906$BTC #加密市场观察
The price is getting lower and lower, which must have tempted many people to enter the market. The lower it goes, the more people buy in; the main force is fleeing, while retail investors keep buying. This is the essence.
Yesterday, gold and US stocks continued to break new highs, while the crypto market was bleeding heavily, lacking liquidity? After careful consideration, I still retreated yesterday.
The first wave of pullback to around 875, then rose to around 888. It is very important that the price holds above 887-891 resistance level; only after breaking through can the bulls continue.
The second wave of pullback to around 873, then entered long positions at the Asian open, reaching a high of around 889, still not breaking the resistance.
The US is about to face a shutdown plan. A government shutdown could bring some uncertainties that might intensify the market. A US government shutdown would restrict the implementation of a series of Trump’s executive orders. In other words, a US government shutdown’s impact on the global economy is certain, but if it doesn’t shut down, Trump’s antics and geopolitical maneuvers will bring even greater uncertainty. Therefore, a shutdown could actually limit Trump’s hype and escalation of these events.
BTC trading suggestion: 873-877, defend at 800 points, target 896, break through to see 906$BTC #加密市场观察
