BTC: external capital inflows are limited and trend bearish

BTC: external capital inflows are limited and trend bearish

O1KqK2 - BTC: external capital inflows are limited and trend bearish

Bitcoin continues to fluctuate with no doubt. In the near future, there are always ups and downs lacking in continuity. The bulls have several good breakthrough opportunities, but the bullish trends were suppressed by the short side. The longer the situation like this, the more unfavorable for the bulls.
At present, the external capital inflows in the market are limited. The market mainly relies on leverage to promote the market.
At around 7:30 ( UTC ), Bitcoin was a wave of declines. Then most of the mainstream currencies followed the decline, and some currencies showed excessive declines.
I observe that many large households have been exploding in the recent period. The rest of them have been watching.

My short term suggestion:
Short $9,200-$9,250
Stop-loss $9,300
Target $9,000-$8,900

Published at Fri, 08 Nov 2019 07:55:01 +0000

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