Based on Bitcoin's data, this weekend has been quite turbulent, with a bunch of unexpected events. Trading volume continues to decline, turnover rate slightly increases, and investors' confidence in buying remains insufficient. These are all normal occurrences. I initially planned to have a relaxing weekend and go on a three-day trip, but it turned out to be more exhausting than staying at home. Fortunately, the majority of Bitcoin's turnover still involves short-term investors, with less interest from early investors. The current chip structure remains quite good; I estimate that even by Monday, it won't be too bad. However, due to insufficient liquidity and weak purchasing power, even with a good chip structure and no additional participation from investors, the exit of short-term investors is still draining the limited funds. A rebound to around 67,790-68,110 can be a good point to short, with targets around 63,800-62,300.
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Based on Bitcoin's data, this weekend has been quite turbulent, with a bunch of unexpected events. Trading volume continues to decline, turnover rate slightly increases, and investors' confidence in buying remains insufficient. These are all normal occurrences. I initially planned to have a relaxing weekend and go on a three-day trip, but it turned out to be more exhausting than staying at home. Fortunately, the majority of Bitcoin's turnover still involves short-term investors, with less interest from early investors. The current chip structure remains quite good; I estimate that even by Monday, it won't be too bad. However, due to insufficient liquidity and weak purchasing power, even with a good chip structure and no additional participation from investors, the exit of short-term investors is still draining the limited funds. A rebound to around 67,790-68,110 can be a good point to short, with targets around 63,800-62,300.