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Affected by the Japanese and Korean markets, the broader market also retraced. It even fell below around 63,000. If $BTC drops again to around 60,000, and based on $HYPE ’s trend structure, it’s very likely to form a “big door” pattern.
The market has once again entered a panic mood. The bulls are still unable to mount a strong rebound. For brothers who are looking to go long, you’d better be careful for now—let’s check the US stocks again tonight before deciding.