唐华斑竹 Analyzes Bitcoin Trends, Focuses on WEEX Contract Trading

According to Twitter user 唐华斑竹, the price of Bitcoin quickly rebounded after breaking through $81,000 this morning and is now close to $83,000. Approximately $500 million was liquidated in the market within 24 hours, with bulls accounting for over 83%. The K-line shows that MA7 has crossed above MA25, indicating signs of a short-term bottom. U.S. Treasury yields have reached a multi-year high, with funds flowing into low-risk assets. The altcoin market has seen significant declines, with BOME down 30% and BLUR down 29%. The funding rate has turned negative, and bulls are still clearing positions. It is advised to reduce leverage, and BTC could be considered for gradual spot purchases around $81,500. Attention should be paid to the CPI and the Federal Reserve's interest rate hike expectations for December, with the current probability of a rate hike exceeding 80%. Contract trading on the WEEX platform supports Crypto, U.S. stocks, gold, and global markets.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.