On January 27th, the market lost the upward momentum at the beginning of the year and entered a phase of consolidation and bottoming. Bitcoin fluctuated between 86,900 and 88,800, testing the support level at 87,500 several times, and is now hovering around 88,500; Ethereum experienced an even smaller range, between 2,875 and 2,950, unable to break through the key 3,000 level.
This wave of adjustment is mainly because everyone is seeking safety, and funds are flowing into gold (which has broken the new high of $5,000), while capital is flowing out of cryptocurrencies. In the short term, the ma
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