Benson Sun|12月 01, 2025 03:54
Closed half of the long position taken at 81K at 91K, just fully closed it now.
The Bank of Japan's governor mentioned raising interest rates, and all risk assets took a dive early this morning.
Pulled up a double chart to compare BTC and the US stock market, and you can see BTC dropped more smoothly than the stock market.
Especially during the 7:45 → 8:55 segment on the 5-min K chart, BTC was almost in a one-way downward spiral with no decent rebound, while the stock market at least put up some resistance.
Looking at the levels:
BTC has already broken below the starting point of last Thursday's bullish K, but the stock market hasn’t.
This kind of movement is very unfavorable for the bulls.
Basically, it’s telling you that on a macro level, external funds aren’t showing much interest in BTC around the 90K range.
If they were, the drop wouldn’t have been so decisive, nor would it have underperformed the stock market.
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