EMC Labs: Mid-term adjustment may have ended, BTC rebounded at $58,400
On June 25th, EMC Labs, a cryptocurrency investment research institution, posted on social media that yesterday BTC plunged to $58,400, approaching the low point of early May but did not fall below it. It retested the lower edge of the new high adjustment box and probed the uptrend line formed since October last year. In addition, the effective increase in trading volume reflects that there is a large amount of funds in the $58,000 to $60,000 range that have undertaken the selling pressure.
According to eMerge Engine, short-term traders as a whole have entered a floating loss state, and yesterday sold 28,000 BTC at a loss of hundreds of millions of dollars. At present, the market fear and greed index has fallen to 30, entering the "fear" zone. Based on comprehensive technical indicators, support levels, and market conditions, EMC Labs judges that the mid-term adjustment of BTC has probably ended, and the market will rebound at $58,400. Under extreme panic yesterday, 9% of the top 500 coins have started to rebound, and the trend of these projects should be focused on in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A leak on X reveals MultiVersus’ ranked mode release date
Share link:In this post: A leak on X confirmed MultiVersus’ plans to release a ranked mode for the game on August 1st. The ranked mode will offer a progression system that introduces eight ranks. The ranked mode is also set to come with new rewards for players.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified
Tinder launches AI-powered photo selector to enhance user profiles
Share link:In this post: Tinder launched an AI-powered feature called Photo Selector. The feature uses facial recognition to scan and select the most appealing photos from a user’s camera roll. Photo Selector will be introduced for both iOS and Android users in the United States.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultatio
