Weekend surge followed by sudden pullback? Three reasons for the cryptocurrency market drop on December 13 🔍📉
After a weekend of celebration, the market is experiencing a general pullback today. The main pressure comes from the weakness in U.S. tech stocks at the open, which has cooled the sentiment for risk assets. At the same time, some profit-taking after consecutive increases has exacerbated the volatility. Bitcoin is also facing technical selling pressure near a key resistance level.
💡 Key Insight: This is a healthy technical pullback, not a trend reversal. Sharp declines in a bull market are often opportunities rather than reasons for panic. Pay attention to whether the main support levels can hold.
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