Wow


Wow
Wow
The decline in the US stock market is too frightening
Yesterday, the global markets plummeted
Bitcoin again tested the weekly MA200
And it didn't break below
Currently, based on the liquidation map
For the bears
The 63,000 to 62,000 range has little liquidation
Liquidation is heavier from 62,000 to 59,000
For the bulls
From 63,000 upward, liquidation gradually increases
Currently, the market still depends on the US stocks' direction
Only when US stocks stabilize and stop falling can we see a rebound
If US stocks decline
Bitcoin will repeatedly test the weekly MA200 level around 62,500
Overall, the market yesterday saw a significant drop in US stocks
It should rebound a bit
US stocks are also in a high-level oscillation
Bitcoin will also rebound a bit
The current market is oscillating around Bitcoin's weekly MA200
A breakout and stabilization above 65,000 would open more upside potential
The support below is at 58,000
Breaking this level could lead to a deeper decline
However, currently, Bitcoin's weekly MA200 hasn't been broken and remains strong
The bulls don't need to be so pessimistic
BTC-0.24%
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