BTC's sharp decline today is mainly due to two reasons:
1. Trump suddenly announced an increase in global tariffs from 10% to 15%, triggering a surge in risk aversion and causing a drop in conjunction with US stock futures. 2. Listed mining company Bitdeer announced liquidation. Although founder Wu Jihan stated that "zeroing out does not mean a lack of confidence," the market interprets this as miners being forced to liquidate under price pressure. Looking at the Bitcoin chart, the four-hour trend remains weak, with indicators showing the KDJ lines spreading downward and the MACD indicator continuing to expand in the bearish direction. On the one-hour small timeframe, although two bottoming bullish candles appeared, the VOI volume indicator shows no significant increase in bullish volume. My personal view remains bearish for the day. BTC: Market price short at 64,900, target 62,900, with a 1,000-point stop loss #ETH
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BTC's sharp decline today is mainly due to two reasons:
1. Trump suddenly announced an increase in global tariffs from 10% to 15%, triggering a surge in risk aversion and causing a drop in conjunction with US stock futures.
2. Listed mining company Bitdeer announced liquidation. Although founder Wu Jihan stated that "zeroing out does not mean a lack of confidence," the market interprets this as miners being forced to liquidate under price pressure.
Looking at the Bitcoin chart, the four-hour trend remains weak, with indicators showing the KDJ lines spreading downward and the MACD indicator continuing to expand in the bearish direction. On the one-hour small timeframe, although two bottoming bullish candles appeared, the VOI volume indicator shows no significant increase in bullish volume. My personal view remains bearish for the day.
BTC: Market price short at 64,900, target 62,900, with a 1,000-point stop loss #ETH