Coindesk analysis: Bitcoin price is optimistic, and the bullish trend continues to increase
|
According to Coindesk analysis, the probability of a bullish Bitcoin (BTC) has risen in the past 24 hours. Despite the ETF rejection, BTC is still well above the key support level of $6,230 (August 20 low), indicating that the market has digested the bad news. The SEC's decision to re-evaluate the rejected nine Bitcoin ETFs may demoralize short sellers and trigger the unwinding of short positions. It is worth noting that Bitcoin/USD shorts are hovering near the all-time high of April 12. Therefore, the risk of a significant short-covering rally exists. |
<<: CCTV News Broadcast: Beware of illegal fundraising in the name of "virtual currency"
>>: Japanese Internet Giant GMO Turns Mining Capacity to BTC
Recommend
It only takes three simple steps to popularize Bitcoin
As a new generation of currency, Bitcoin is super...
Is it okay to put a cactus on the desk of a person whose lifeline is broken?
The cactus plant looks very beautiful, so some pe...
Talk about what kind of women have good and happy marriages
As for a woman's marriage, everyone knows tha...
A girl holding ten dustpans means perfection.
There is actually a story behind the lines on you...
Are women with sad moles more likely to get divorced after marriage?
Most people never think about divorce after getti...
Bytom and Bitmain officially established an artificial intelligence laboratory
This afternoon, Bytom officially announced that a...
Who is most likely to fall out of love?
Who is most likely to fall out of love? In life, ...
Is Bitcoin an efficient market? | How do good and bad news affect the market?
one Do you think the current Bitcoin market is a ...
Palmistry characteristics that can easily lead to career success
Feature 1: The love line is too long In physiogno...
Fractal Bitcoin rekindles BTC ecosystem enthusiasm. What is the value of CAT20?
The Fractal Bitcoin project recently launched by ...
How does a woman's sword-shaped nose affect her spouse's fortune?
How does a woman's sword-shaped nose affect h...
Reuters footage of Baidu’s Metaverse product “Xiran” exposed: What will happen in the first domestically produced Metaverse?
On December 20, Baidu released Reuters footage of...
Two groups of hackers fought for free mining!
According to foreign media reports, Rocke and Pas...
Where is fat to look rich?
1. Thick arms The definition of thick arms is tha...
Will blockchain dominate future finance? Resources are rapidly converging towards “blockchain + payment”
Capital, intelligence and other resources are acc...