Pal $BTC Market Outlook — 2.6 First of all, 6W still isn't the bottom. But the panic is excessive and needs to be repaired. Everyone is over panicking. As I mentioned this morning, I dare not buy at 6W. However, the liquidation has already been exhausted; a daily drop of 1W dollars is almost over without any catastrophic news. The panic caused by this wave of global asset declines is nearly exhausted. I personally expect a wave of oscillation, the market needs a correction phase, and then we can see a bottom with a sharp rebound.
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Pal $BTC Market Outlook — 2.6 First of all, 6W still isn't the bottom. But the panic is excessive and needs to be repaired. Everyone is over panicking. As I mentioned this morning, I dare not buy at 6W. However, the liquidation has already been exhausted; a daily drop of 1W dollars is almost over without any catastrophic news. The panic caused by this wave of global asset declines is nearly exhausted. I personally expect a wave of oscillation, the market needs a correction phase, and then we can see a bottom with a sharp rebound.