Holidays really can't be helped.

CN
Phyrex
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1 year ago

Holidays really can't be helped. Previously, I would mention this every Friday; once the weekend or holiday begins, due to the poor liquidity, price changes almost entirely depend on sentiment. In yesterday's analysis, I also mentioned that if the Asian time zone could maintain the price, it might be a bit better. However, the Asian time zone didn't hold up well, and the American time zone was even worse.

Moreover, tomorrow is Friday again, with the update of non-farm payroll data, marking the last day of the week. Therefore, it's inevitable that some risk-averse exits will occur today. Price recovery at least requires better liquidity, which will be on Friday.

However, the current risk aversion is mainly due to the non-farm data and poor expectations for employment data. So after the data is released tomorrow night, a new direction will emerge. Although my personal expectation is that this non-farm data won't have major issues, it's basically already priced in.

The purchase of the third #BTC is still at $89,000. I still feel that it might not be possible to buy, but if it reaches that price, I will buy.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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