Recently, the Bitcoin market has shown new dynamics. Data shows that the turnover rate of Bitcoin has significantly dropped, a phenomenon that reflects the stabilizing sentiment of investors. At the same time, previous concerns about the economic outlook seem to be gradually dissipating.



It is worth noting that this trend is not limited to the cryptocurrency market. The US stock market performed particularly well today, not only erasing yesterday's losses but also showing signs of continued upward momentum. This once again confirms the high correlation that exists between Bitcoin and the US stock market, a point we have been emphasizing.

From the perspective of support levels, there is a strong consensus in the market that around $110,000 is the bottom price for Bitcoin. As of now, the price of Bitcoin has not touched this support level, indicating that most investors still have a strong interest in Bitcoin at this price level.

Overall, the current Bitcoin market is showing a relatively stable state, and investor sentiment is tending to be rational. However, we also need to be vigilant, as market sentiment can quickly shift with changes in various factors. Therefore, it is still crucial to continuously monitor market dynamics and maintain a cautious attitude.
BTC2.65%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
ProposalDetectivevip
· 08-09 22:02
Watch and wait before taking action.
View OriginalReply0
MEVHunterLuckyvip
· 08-08 10:53
This round is stable.
View OriginalReply0
PensionDestroyervip
· 08-08 04:01
Direct All in purchase
View OriginalReply0
GweiObservervip
· 08-07 00:51
Holding on and continuing to see long positions
View OriginalReply0
degenonymousvip
· 08-07 00:51
It's stable, it's stable, don't panic.
View OriginalReply0
MagicBeanvip
· 08-07 00:31
The bottom has not yet been reached.
View OriginalReply0
GasWastervip
· 08-07 00:23
Long positions are unstoppable.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)