Bitfinex market review tonight, the altcoin market has improved. The reason is that we reviewed the analysis we sent this morning, and BTC may fall below $60,000 again, but the altcoin may have a turning point. There are two reasons: (1) BTC is not at a high level, so there is room for altcoins to play. Previously, BTC has been at $70,000, and large funds are worried that the downturn of BTC will bring losses to altcoins, so they dare not buy. Now that BTC has fallen to $60,000, it has provided room for the rise of altcoins. (2) BTC is under selling pressure. As we all know, if the market in Mentougou crashes, some funds will flow from BTC to ETH and other altcoins.
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Bitfinex market review tonight, the altcoin market has improved. The reason is that we reviewed the analysis we sent this morning, and BTC may fall below $60,000 again, but the altcoin may have a turning point. There are two reasons: (1) BTC is not at a high level, so there is room for altcoins to play. Previously, BTC has been at $70,000, and large funds are worried that the downturn of BTC will bring losses to altcoins, so they dare not buy. Now that BTC has fallen to $60,000, it has provided room for the rise of altcoins. (2) BTC is under selling pressure. As we all know, if the market in Mentougou crashes, some funds will flow from BTC to ETH and other altcoins.