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WHY $BTC AND WHY DID THE ENTIRE MARKET COLLAPSE? WHAT IS THE REASON BEHIND THIS SUDDEN SETBACK? !!!
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Let's break it down, friends. The sudden pullback in the market has several important reasons:
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"Liquidity Search: The market is generally liquidating both over-leveraged positions #Long como short."
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"Conflict between Trump and Elon :: As you know, Trump and Elon have been arguing in some way; Elon is airing and releasing his negative comments, which suddenly caused the market to react negatively and feel a pullback.
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Employment Data :: As you know, today at 8 p.m. UTC the employment data will be released and, according to some analysts, the data is negative compared to last month's data. So the market collapsed due to the expected unemployment rate, etc.....
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These were some of the main reasons why the market felt a pullback.
What do you all think? Leave your thoughts in the comments.... #btc