BTC 35 000$
Hello everyone! Today I want to talk about the recent events in the cryptocurrency market.
As you know, there was a significant drop in the price of bitcoin yesterday. Many people are wondering what caused this event.
In my opinion, the main reason for the drop are the so-called "whales" - large players in the market who can manipulate prices. At the peak of the price, they decided to enter SHORT, which means to bet on a decrease in price, instead of betting on growth (LONG). This allows them to earn money by manipulating the market.
However, I do not believe that this means the market will go down. I think that first we will go up again, and only after that can we talk about a drop. Of course, no one can predict the future with precision, and the cryptocurrency market can always be very unstable. Nevertheless, I am convinced that ultimately everything will end well for all of us, and we will all have profits.
Thank you for your attention, and let's stay up-to-date with the events in the market together!
As you know, there was a significant drop in the price of bitcoin yesterday. Many people are wondering what caused this event.
In my opinion, the main reason for the drop are the so-called "whales" - large players in the market who can manipulate prices. At the peak of the price, they decided to enter SHORT, which means to bet on a decrease in price, instead of betting on growth (LONG). This allows them to earn money by manipulating the market.
However, I do not believe that this means the market will go down. I think that first we will go up again, and only after that can we talk about a drop. Of course, no one can predict the future with precision, and the cryptocurrency market can always be very unstable. Nevertheless, I am convinced that ultimately everything will end well for all of us, and we will all have profits.
Thank you for your attention, and let's stay up-to-date with the events in the market together!
Telegram Channel⏩ t.me/+aTlXBWnLy2Y4OTQ6
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.