The market remains weak. According to the $BTC data performance, there is a high concentration of short positions, and there is still selling pressure in the short term, while bullish momentum has declined for several days, indicating a clear entry into a bearish phase. Based on past experience, there is a chance to confirm a bottom tomorrow; otherwise, the market will further deteriorate...
From today's sector performance, it is also evident that only entertainment and the metaverse are performing well, which is extremely unfavorable for altcoins.
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