BRN analyst: The recent trend of BTC "selling on highs" may be due to concerns about the risk of a US recession
2024-09-05 11:52:40
Valentin Fournier, analyst at BRN, a digital asset advisory firm, said that this recent tendency to sell on the high may stem from concerns about the heightened risk of recession in the United States, and market sentiment has driven the reduction of exposure to risky assets. "Economic reports have increasingly shown that the risk of recession cannot be ignored. The ISM manufacturing index was 0.5% lower than expected, and job openings were 7.70 million, compared to expectations of 8.10 million. Given the current economic uncertainty and the possibility of reduced liquidity, we recommend reducing investment in BTC and waiting for better entry points before increasing investment."
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