Some views on the fall in the market for this week and next week.
First, currently the long-short ratio is dominated by longs. Secondly, the interest rate is very likely to decrease next month, indicating that there will be a surge next month. This is something that most cryptocurrency traders know. If there is going to be a big rise next month, the current sentiment is still mostly bullish. The market makers are here to harvest and should not be giving away money, so it would be more appropriate to eliminate the bullish positions. Thirdly, the U.S. military is expected to send additional troops to Venezuela next week, and there is a possibility of conflict escalating at any time. Once the firing starts, it will definitely be a big fall.
Based on the three points above, I believe there will be a big fall in the market today~next week, clearing out the bulls.
BTC is expected to fall to around the two key support points of 107959-104571. ETH is expected to fall to the two key support points around 4252-4082. These positions have the opportunity to be the bottom.
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Some views on the fall in the market for this week and next week.
First, currently the long-short ratio is dominated by longs.
Secondly, the interest rate is very likely to decrease next month, indicating that there will be a surge next month. This is something that most cryptocurrency traders know. If there is going to be a big rise next month, the current sentiment is still mostly bullish. The market makers are here to harvest and should not be giving away money, so it would be more appropriate to eliminate the bullish positions.
Thirdly, the U.S. military is expected to send additional troops to Venezuela next week, and there is a possibility of conflict escalating at any time. Once the firing starts, it will definitely be a big fall.
Based on the three points above, I believe there will be a big fall in the market today~next week, clearing out the bulls.
BTC is expected to fall to around the two key support points of 107959-104571.
ETH is expected to fall to the two key support points around 4252-4082.
These positions have the opportunity to be the bottom.