The BTC market is very weak, and the long positions are very weak!
Once the BTC price breaks below the weekly level long-term uptrend line, even if the bearish volume is not very strong, due to the collapse of the bulls' confidence, the bear army will be in disarray, and if the bears continue to apply pressure, even with a dull knife cutting flesh, they can still drive the price down continuously.
Friends who are currently bottom-fishing BTC, ETH, and OKB can still smile. I wonder if they will remain calm and composed when BTC drops to around 71,000.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The BTC market is very weak, and the long positions are very weak!
Once the BTC price breaks below the weekly level long-term uptrend line, even if the bearish volume is not very strong, due to the collapse of the bulls' confidence, the bear army will be in disarray, and if the bears continue to apply pressure, even with a dull knife cutting flesh, they can still drive the price down continuously.
Friends who are currently bottom-fishing BTC, ETH, and OKB can still smile. I wonder if they will remain calm and composed when BTC drops to around 71,000.