There is a phenomenon worth paying attention to here. Since the breakthrough in April, there has been almost no upward insertion of bitcoin contracts, which indicates that the market depth is increasing. At this time, we need to comprehensively consider the hidden dangers of the big cycle.
When the price cuts into the area between 5800 and 6800, it also enters the early intensive transaction area, where the routine chip needs to be paid attention to.
Why should we think bitcoin can get out of the bull market without fundamental changes?
Take a look at the market fundamentals:
The initial trigger for the drop below $5,800
1. Etf cannot be approved for a long time and the incremental funds in the market are insufficient
2. Intensified regulatory policies in various countries and increased risks for traders
3. Bikkt fails to fulfill its promise
4. The project party is short of money
Given all these factors that have caused bitcoin to plunge, are these problems now resolved? If not, the market price has come back, how do you think to go?
Strategy: maintain spot positions, open hedging, waiting for the arrival of short opportunities
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