When will BTC3S fall (how much will BTC fall)

When will BTC3S fall, according to OKEx market data, when will BTC3S fall

According to OKEx trading big data: BTC3S 24-hour trading volume is 830 million USD (-10%), compared with the previous surge of over 80% for HT and BNB, the decline is about 30%.

Currently, mainstream currencies are generally in a downtrend, but the trend of mainstream coins such as ETH3L/USDT and EOS3L/USDT is weak, indicating strong wait-and-see sentiment and difficulty in breaking through previous lows in the short term. When will BTC3S fall?

As of the time of writing, the total 24-hour contract position on the OKEx platform has reached 955 million USD, of which the ETC3L/USDT perpetual contract has a long-to-short ratio of 11.63%; the XRP3S/USDT perpetual contract has a long-to-short ratio of 13.89%; EOS3S/USDT perpetual contract has a long-to-short ratio of 18.78%.

How much will BTC fall

After BTC fell to 11,000 yesterday, I have been thinking about a question: How much will BTC fall? Let’s take a look at the chart:

From the chart, it can be seen that the current trend is clearly bullish. If we look at it now, BTC is likely to go up again.

First of all, we need to determine whether the price can rise, because if it rises, it means there are buying orders coming in. So, the key point here is whether BTC will fall to $10,000 or continue to decline.

Secondly, if the price starts to pull back at this time, it would be a good sign for it. But from the current situation, I think this scenario is still unlikely. After all, many investors have been asking whether BTC can rebound. But as long as there are no major negative news in the market, there will certainly be a big market movement, which is also a good signal for Bitcoin.