Post
On April 7, the cryptocurrency market overall showed a pattern of rising sharply and then falling back, with wide fluctuations. Bitcoin briefly tested the $70,000 mark in the morning but then faced heavy selling pressure from whales and quickly fell back, currently consolidating around $68,600, with fluctuations exceeding 1,400 points. Ethereum followed the adjustment, with mainstream coins showing mixed performances and altcoins experiencing a significant drop.
$BTC
{spot}(BTCUSDT)
Market sentiment has shifted from optimistic to cautious. Expectations of interest rate hikes by the Federal Reserve and concentrated contract liquidations have led to increased short-term selling pressure, and the total liquidation amount across the network continues to rise. There is a noticeable flight to safety back into BTC, while capital is significantly flowing out of altcoins.
In the short term, high volatility is expected to continue, with strong resistance at the $70,000 mark above and a focus on the $67,000 support level below. It is recommended to strictly control positions, avoid chasing highs, and wait for a clear direction before making moves. #Strategy增持比特币
$BTC
{spot}(BTCUSDT)
Market sentiment has shifted from optimistic to cautious. Expectations of interest rate hikes by the Federal Reserve and concentrated contract liquidations have led to increased short-term selling pressure, and the total liquidation amount across the network continues to rise. There is a noticeable flight to safety back into BTC, while capital is significantly flowing out of altcoins.
In the short term, high volatility is expected to continue, with strong resistance at the $70,000 mark above and a focus on the $67,000 support level below. It is recommended to strictly control positions, avoid chasing highs, and wait for a clear direction before making moves. #Strategy增持比特币
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