First of all, congratulations to the friends who follow, the goal of 30,000 has been reached, and the market is currently in the range of 28,000-29,000.
The short-term strong risk aversion in the market has brought opportunities for cryptocurrencies led by Bitcoin.
On the news side: the U.S. debt ceiling and the plunge in bank stocks have boosted risk aversion, but it is beneficial to the performance of cryptocurrencies led by Bitcoin.
The pressure on the traditional banking industry is conducive to the concept of decentralization, superimposed on the continued weakening of the US dollar, and the weakening of the Fed's interest rate hike expectations. Bitcoin has risen again stimulated by safe-haven buying.
Technical aspect: After the short-term shock, I think it will stand above 30,000. If it recovers and stabilizes after 30,000 US dollars, Bitcoin is expected to lead other tokens to continue to rise. It should be said that the worst time in the currency circle has basically passed. In the market outlook, if Bitcoin falls below 25,000, then pay attention to the risk of re-callback and decline. The upper reference target is 35,000. Look at 31000-32000 first
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