BTC may continue to drop.
The following content is machine translation:
The monetary policy of many countries has been tightened this year. With the collapse of Terra LUNA, Celsius and Three Arrows Capital, the currency circle has been hit hard. The total market value of cryptocurrencies has fallen below 1 trillion, and is currently more than 820 billion, the lowest since 2021, and there may be thunderstorms in the future. BTC fell below 20k today, a mid-Dec 2020 low.
Technical side:
It fell below the 20k mark today, the trend and indicators are bearish, the indicators have fallen below the oversold zone, the bears are very strong, the rebound is weak, and the follow-up market may continue to drop, unless a few big suns come to stabilize the situation, otherwise Have to keep digging.
The monetary policy of many countries has been tightened this year. With the collapse of Terra LUNA, Celsius and Three Arrows Capital, the currency circle has been hit hard. The total market value of cryptocurrencies has fallen below 1 trillion, and is currently more than 820 billion, the lowest since 2021, and there may be thunderstorms in the future. BTC fell below 20k today, a mid-Dec 2020 low.
Technical side:
It fell below the 20k mark today, the trend and indicators are bearish, the indicators have fallen below the oversold zone, the bears are very strong, the rebound is weak, and the follow-up market may continue to drop, unless a few big suns come to stabilize the situation, otherwise Have to keep digging.
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