Hello everyone! Today I would like to talk to you about the recent trend of Bitcoin. I just saw that the price of Bitcoin dropped to $96,256, failing to break through the psychological barrier of $100,000, which surprised me. In fact, such fluctuations are not uncommon in the crypto market, but each time it makes me think deeply.
Why did Bitcoin drop again?
1. The pressure of the high point
On November 22, bitcoin briefly climbed to $99,645, almost reaching the milestone of $100,000. Since November 5, this wave of increase has been as high as 44%! However, with the change in market sentiment, the price has started to fall, leading to over $60 billion market cap evaporating. It makes me wonder, is the market sentiment really so fragile?
2. The Impact of Large-Scale Liquidation
According to the latest data, in the past 24 hours, there have been over $0.5 billion liquidations in the crypto market. This has affected nearly 0.2 million traders, with long liquidations accounting for a large portion. This situation reminds me of previous market crashes, which always feel frustrating.
3. Impact of external factors
The tense situation in the Mediterranean region has prompted investors to turn to traditional safe-haven assets, which makes me reflect on how we, as supporters of cryptocurrency, should respond to changes in the external environment. At the same time, the strong US job market and interest rate adjustments are making the market more complex, all of which are influencing our investment decisions.
Technical analysis and future outlook
From a technical analysis perspective, the current TD sequential...

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Fundamental Overview
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