Ansem: Cryptocurrency may indicate a shift in market risk appetite, and if the stock index follows the decline, it will confirm the downward trend

Odaily News Crypto KOL Ansem published an analysis saying, "It looks like Bitcoin has fallen below the stop-loss support level and broken through the high time frame trading range. The key price to maintain the high time frame bearish view is around $96,500. It is worth noting that there has not been any high time frame bearish range breakthrough in this cycle, and there is only a downward deviation at present. Let us wait and see. I think the main question at present is whether the cryptocurrency market is leading the risk aversion sentiment in the overall market. If the stock index also falls in the next few weeks, this is more likely to be the beginning of a downward trend rather than a small setback in an upward trend."