The US non-farm payrolls data was unexpectedly weak. Will there be any hope for the crypto world to recover from this? BTC is currently lacking support, repeatedly breaking through the support level, and market panic is spreading. I think it's time to short at the resistance level and take a small position. There is a common pattern now where the US stock market falls at the opening, and this affects the crypto world as well. Moreover, with the impact of the war and the US credit crisis, most of the US dollars are being used to buy gold, resulting in very low market liquidity. From these perspectives, it is not good news for the crypto world. Even if the interest rate is cut as expected, the downward pressure may be even greater. There is no need to bear it anymore. If the US stock market shows a pullback trend at the opening tonight, there may still be a possibility of a pullback. Otherwise, BTC will break a new low. #BTC
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The US non-farm payrolls data was unexpectedly weak. Will there be any hope for the crypto world to recover from this? BTC is currently lacking support, repeatedly breaking through the support level, and market panic is spreading. I think it's time to short at the resistance level and take a small position. There is a common pattern now where the US stock market falls at the opening, and this affects the crypto world as well. Moreover, with the impact of the war and the US credit crisis, most of the US dollars are being used to buy gold, resulting in very low market liquidity. From these perspectives, it is not good news for the crypto world. Even if the interest rate is cut as expected, the downward pressure may be even greater. There is no need to bear it anymore. If the US stock market shows a pullback trend at the opening tonight, there may still be a possibility of a pullback. Otherwise, BTC will break a new low. #BTC