- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Viewpoint: Inflation Data Intensifies Market Bearish Sentiment, Bitcoin's Key Psychological Support Level at $100,000
BlockBeats News, September 1st, Kronos Research CIO Vincent Liu stated that inflation data has intensified bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale sell-offs triggered leveraged position liquidations.
Vincent Liu believes: "Bitcoin's key psychological support level is at $100,000, with leveraged positions under pressure, highlighting its fragile liquidity." He also added that Ethereum's key support level is at $4,000. "If these support levels are breached, it could trigger further declines and more widespread liquidity tightening, but a true bear market requires a more sustained decline."
Regarding this week's non-farm payroll data, Vincent Liu stated, "A significant surprise in job growth could trigger sharp market volatility—a strong data could pressure the cryptocurrency as risk appetite wanes, while weaker-than-expected data could boost demand." (The Block)
You may also like
Gainers
Latest Crypto News
Zama: Sealed-Bid Dutch Auction Token Sale to Start on January 12
Michael Saylor hints at more purchases, 100% win-rate trader predicts market going long again
Mainstream Perp DEX Overview: Hyperliquid Trading Volume Continues to Decline by 56.9% in the Last 7 Days, Lighter Trading Volume Takes a Steep Dive Ahead
BiyaPay Analyst: HashKey's Listing Imminent, Hong Kong Stock Market Welcomes First Cryptocurrency Compliance Giant
A certain whale has accumulated 2.33 million LINK over the past six months, currently facing an unrealized loss of $10.5 million
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App