【Madman Says Trend】 Bitcoin support is at $85,000 to $86,000, with a high probability of ultimately breaking below.Madman says…
This wave of cryptocurrencies is really disastrous. When the US stock market rises, it doesn’t follow at all; when the US stock market crashes, it doesn’t drop either. Bitcoin’s daily chart has fallen back from 97,000. Recently, this kind of back-and-forth fluctuation is considered garbage time. I am not making any moves and will continue to wait until Bitcoin hits a new low (below $80,000) before starting to buy. Currently, the support level around $85,000 to $86,000 still seems to hold, but given the current situation, the probability of it breaking ultimately is quite high.
All the funds are now swirling in commodities and mainstream stock markets, completely ignoring the cryptocurrency market. First, because Bitcoin’s scale has grown, its volatility has significantly decreased, even lower than traditional markets. Second, the super-institutions’ main base is in traditional markets, so there’s no need to risk participating in the crypto market.
This has led to the current predicament in the cryptocurrency market: small coins lack innovation, and big coins lack volatility and narrative.
区块客·01-21 07:42