Yesterday, I was still talking about when Bitcoin would rise, but it fell in the evening. Now it seems that the amount of fall is not small or large. It is considered moderate. I think there are three main reasons for the fall:
1. Yesterday, the US stocks, the three major European stock indexes, and precious metals all fell. It is normal for the currency market to also fall.
2. The continuous divergence of the technical hourly, 4-hour, and daily lines needs to be repaired, which is one of the reasons for the decline.
3. It is close to the high point in June 2019 and the short-term increase is too large. It needs to be adjusted for correction.
The combined effect of the above three reasons caused this decline. Whether the subsequent decline will continue, then we need to see whether the above three reasons can be solved perfectly.
Compared with the heavy losses of the contract’s currency friends, so many trends have suddenly appeared needles. Of course, the sudden change in the price of Bitcoin has little effect on the miners. The cost of the miners itself is very low. High points, don't want the chance of unresponsiveness like a contract. This time it's just a callback, and it will not have much impact on the long-term trend of Bitcoin. Miners still have coins in their hands, and only a very small part of them now have coins. Sure enough, hoarding coins is still as good as ever.