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No matter how strong the technical pattern is on the market, it cannot withstand the blow of negative news.
Yesterday, the net outflow of spot BTC ETFs reached a nearly two-week high, with a single-day net outflow of $269 million, the highest single-day outflow since April 20th.
The sudden news of a ceasefire between the US and Iran in the early trading session directly triggered a surge in the market, with a large bearish candle almost causing Bitcoin to fall below $79,000. Currently, it is slightly rebounding and consolidating, with signs of further weakness within the day, and if it drops further, it could go down to $77,900.
In the face of geopolitical trends, the crypto circle is like a leaf in the wind, unable to withstand a single blow. Tonight, focus on the release of non-farm employment data. In trading, being able to stay alive steadily is always more important than short-term gains. #比特币跌破8万美元