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Cryptocurrency News Video

4.16 #btc #eth Cleaning up leverage is the purpose, and it will rebound after the shock is repaired BTC/ETH/Bitcoin/Ethereum/bitcoin/ethereum analysis)

Apr 17, 2024 at 02:12 am 老俞区块链

Looking at Bitcoin today, panic is spreading. Some people in the market have seen over 50,000 or even 40,000. Judging from the contract market, open interest has fallen to a new low this year. The liquidation leverage situation is actually very good. What has happened recently? The war news is also negative for the implementation of production cuts. If you don’t read anything on the market, you will look at the news. It is completely unnecessary. The news just makes you feel reasonable. In the past, Bitcoin would rise because of the war for a long time. Why didn’t it? People have said that the first purpose is to liquidate leverage, and everything else is nonsense. The production reduction is also because the expectations are too high and there are too many leverages. If you don’t clean up, you can’t fly higher, so it doesn’t make much sense to look at the news. Technically, Bitcoin It is at the four-hour support level and is at the lower support point of the range shock. It will rebound upward after a short recovery.

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