Analysis: If there is no sustained positive support, the possibility of a short-term correction of BTC cannot be ruled out
This article is machine translated
Show original
Odaily Planet Daily Report: Deribit Asia-Pacific Business Head Lin Chen posted on X, stating: "In recent days, the market has been in a state of extreme greed for five consecutive days, with the greed index reaching as high as 90. The current market FOMO sentiment is beginning to cool down, and the buying power is gradually declining. There are also signs of net outflows in BTC ETFs. However, the weekend has relatively insufficient liquidity, so we need to pay attention to the performance of the US stock market opening tonight. Currently, BTC is fluctuating around 90,000. If there is a lack of sustained positive news support, a short-term correction cannot be ruled out."
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content