"I'm Feeling Weak" Bought some BTC at 86,000 But still can't find my footing, dare not invest heavily. Japan's interest rate hike is only a matter of time. Venezuela's oil will drive up inflation. India is still making up the old news from two days ago about cracking down. Looking at the long term, BTC has also fallen into the bear market category. Short-term rebounds have become meaningless Because there is no solid support below. Is news important? Yes. But not as important as the market's reaction to the news. These news items today feel meaningless to me. If we were in a bull market, perhaps no one would even pay attention. But in an environment of poor liquidity, they are a market comfort after a big drop. Like an imperial edict proclaiming to the world: I'm feeling weak.
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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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