The American Stock market dropped by 12% and triggered the circuit breaker, which has created the largest decline since 1987. However, it did not bring up any panic to the cryptocurrency market, and the overall market rose back by a few. it seems like a good signal. But the decline of ETH, LTC, BSV, ETC, etc. is still significant. The BTC market ran as we analyzed that a weak rebound then fell back. In the last analysis, we mentioned that small positions to short when $4,800 broken, and it once touched the level of $4,450, and the decline reached near 10%. Now it has recovered the support at $4,800, and was back to the casing interval from $4,800 to $6,000. Buy low and sell high is available, and we should focus more on the pressure at $6,000.
#BTC #BTCUSD #Cryptocurrency
#BTC #BTCUSD #Cryptocurrency
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