Odaily Frontline | BTC failed to hit 14,000 USDT in the early morning and then crashed, and the daily amplitude exceeded 2,100 USDT

According to the HOLD market, according to data from Huobi Global, in the early morning of June 27, after failing to hit 14,000 USDT, Bitcoin fell sharply, once falling to 11,800 USDT, and has now rebounded slightly and fluctuated around 12,500 USDT.

From around 00:15:00 in the morning, Bitcoin began to show an upward trend, and reached a peak of 13,750 USDT at around 00:55:00, and then fell rapidly by 3.4% within 15 minutes, and fell to a short-term minimum of 13,260 USDT.

From around 01:15:00 in the morning, Bitcoin began to climb from the 13346.16 USDT point, and officially launched an impact on the 14000 USDT mark. After breaking through multiple hundred-digit integers one after another, Bitcoin broke through 13,900 USDT at around 02:45:00, and tried to break through 14,000 USDT several times in the next 100 minutes or so, but all failed. At around 00:04:00 in the morning, Bitcoin once rushed to 13968.76 USDT, setting a new high since January 16, 2018.

From around 04:30:00 in the morning, the price of Bitcoin suddenly plunged sharply, falling from 13805 USDT to 12177 USDT within 15 minutes, a drop of more than 1600 USDT (-11.59%). In the next few tens of minutes, Bitcoin continued to fluctuate sharply, with multiple 5-minute K-line charts showing oscillations exceeding 300 USDT. At around 05:15:00 in the morning, Bitcoin fell below 12,000 USDT, the lowest fell to 11,800 USDT, and the intraday oscillation range exceeded 2,100 USDT.

Since then, Bitcoin has gradually recovered and is currently oscillating around 12,500 USDT. As of 06:45:00, it was reported at 12,466.55 USDT, a daily drop of 3.28%.

CommentCommentSaid: For Bitcoin, the price collapse is a feature, this is not a bug. (Traders) Either avoid psychological buying out of fear of missing out (FOMO), learn how to take advantage of crash trading, or be long-term holders (this is the ideal form of risk management).

Affected by the volatility of Bitcoin, other mainstream currencies also experienced a large synchronous correction around 04:30:00 in the morning. As of 06:45:00, ETH was at 329.95 USDT, a daytime drop of 4.92%; XRP was at 0.4613 USDT, a daytime drop of 5.99%; BCH was at 477.23 USDT, a daytime drop of 6.71%; LTC was at 130.98 USDT, a daytime drop of 4.63% ; EOS was reported at 6.5846 USDT, a daily drop of 11.12%.