Bitunix analyst: Moody's downgrades US credit rating, crypto assets become a safe haven for funds, BTC support focuses on 100K, pressure sees 105K

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On May 17, the international credit rating agency Moody's officially downgraded the United States' sovereign credit rating from Aaa to Aa1 on May 16, citing the continuous rise in U.S. government debt levels and increased interest payment proportion, while adjusting the rating outlook from "negative" to "stable". This marks the official removal of the AAA highest credit rating by all three major rating agencies.

Bitunix analyst suggests: Moody's downgrade will strengthen market focus on U.S. fiscal risks, supporting the medium-term trend of hedge assets like Bitcoin. From a technical perspective, if BTC maintains support at $100,000, it is expected to explore the $105,000 resistance zone. Operationally, it is recommended to continue positioning in crypto assets with the ability to resist U.S. dollar depreciation, such as BTC, ETH, and supply-deflationary public chain tokens. Short-term pullbacks should be viewed as medium-term entry opportunities.

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.
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