This article is machine translated
Show original
Now that it has rebounded to around 78,000, I can understand if there is a large amount of buy the dips at this key support level, leading to a rebound or even a halt in the decline.
However, if the rise is due to Binance using $1 billion to prop up the market, then it cannot be the real bottom. As CZ said, such a huge market will not change its trend due to the actions of one or a few people.
This drop may be temporary; if the market truly enters a bear market, this will not be the real bottom...
If the market rises because of the 1 billion yuan in bottom-line funds, it will inevitably fall when the 1 billion yuan in bottom-line funds are exhausted!
子棋（重生版）
@cloakmk
02-02
BTC跌到75000附近
ETH跌到2200附近
到了关键支撑位附近，短期受到黄金影响，再加上对于降息的悲观预期，和连环清算踩踏，短期已经严重超跌了！
这里多空博弈严重，同时也受到币安承诺10亿美金抄底的兑现，多空会反复拉扯。
此时，不要过于恐慌但是也不用乐观，我始终相信跌的有多猛，涨的就有多凶！
Binance understands technical indicators; they chose to buy the dips at the key support level of 75,000. Haha.
Sector:
From Twitter
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
