#币圈观察员 The phrase '一鲸落万物生' commonly mentioned in the Cryptocurrency market, now deeply reflects the current market trend. As it stands, BTC (BTC) still has room to fall. The previously highly followed 88000 support level failed to hold, and yesterday it also failed to stabilize, undoubtedly indicating that the downside price space has been further opened up. While we cannot assert that BTC will definitely fall to 76000 or even 72000, the downward trend is already very clear. It is worth noting that even if BTC continues to decline, Ethereum (ETH) may not necessarily fall significantly, not necessarily to 1800 points. The market may present a situation of '一鲸落万物生,' meaning that when BTC falls, other currencies may not necessarily continue to fall. On the contrary, they may absorb funds flowing out of BTC, thereby gaining a buffer. When BTC falls to a certain key support level and starts to rebound, it will drive the entire market to rise. Even during the BTC fall, Altcoins may still pump strongly. In this way, the entire market will usher in a new development opportunity and receive unexpected 'gifts'.

BTC-1,44%
ETH-1,46%
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
0/400
No comments
  • Pin