I checked the data this morning, and Bitcoin is again descending toward the $70,000 level. On-chain data also indicates a bear market signal, which means the pressure continues. It is said that the Fed will stay on the same policy stance in April, and investors are betting accordingly. From a data perspective, we are currently experiencing a somewhat sensitive period. However, such fluctuations are normal, part of the market's natural movement. In short, given the combination of data and Fed actions, it’s advisable to be cautious in the near term.

BTC-0.84%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin