Trading Recommendations for the Cryptocurrency Market on September 26
Trading Recommendations for the Cryptocurrency Market on September 26
Yesterday, Bitcoin plunged below $109,000, triggering
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Yesterday, Bitcoin plunged below $109,000, triggering panic in the market. Ethereum also remained below $4,000, indicating ongoing active selling that has been seen recently.It's clear that BTC began to see heavy selling right after the FOMC, and a couple of failed attempts to rise above $118,000 only encouraged even more short positions from speculators. The overall market structure now points to fading momentum.According to Glassnode data, there is currently heavy selling from long-term holders, but these sales are not being
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