The recent market conditions have been really limited, with not much worth mentioning.


This year's market has been all about sudden moves, especially since February, with no continuity, just oscillating back and forth, which makes trend traders very uncomfortable.
It's the same now; after Bitcoin hit 19,500, it basically just oscillated, and these days it's mainly influenced by the pullback in the US stock market.
Interest rate issues have come to the forefront, and the bulls have become cautious, preparing to endure for a while.
Recently, the market is in a dilemma: no switching, no strength or weakness, not even hot sectors, just a dead water situation.
This problem isn't something we can solve, so we just wait and watch for changes; there's no need to overthink the scripts because you'll understand once the market moves.
Last night, CZ was sued by the CFTC, which is also a factor in the market's weakness overnight.
It should be known that the CFTC and SEC are two different agencies with limited authority.
I think they just seized on some issues and want to fine a bit.
This kind of thing has happened many times before and doesn't really affect much.
It also indicates that regulation of cryptocurrencies is becoming more formalized, which isn't a bad thing for investors and has little impact on the market.
This also helps exchanges like Coinbase, as they don't want funds flowing into other exchanges, hoping that the funds of the "Eagle" won't flow out.
Today, there's a positive change: Ethereum is stronger than Bitcoin, the exchange rate is recovering, and funds are shifting.
After such a long decline, sectors outside of Bitcoin have been suppressed and are gasping for breath, needing recovery and some change.
Otherwise, most concepts can't be sold in the current market; how to sell in a dead water situation? Of course, it's by raising prices to clear inventory.
We've always been strong.
ETH-2.31%
BTC-1.49%
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