The bitcoin market has pulled back deeply, and the advantage

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Since the start of the Bitcoin market in April last year, sharp fluctuations in the market within a short period of time have frequently occurred in the secondary market. In the early morning of September 25, 2019, the price of Bitcoin plunged 25%, the largest single-day drop in the history of Bitcoin. On October 28, 2019, the price of Bitcoin rose from US $ 8,000 to US $ 10,000 in a short period of time, and more than 15% of sharp fluctuations occurred again. From March 8th to March 9th, the price of bitcoin plunged from US $ 9200 to around US $ 7,600, a decline of more than 15% and breaking the integer mark of US $ 8,000. The market sentiment changed from optimism to panic.

It is not difficult to analyze the trend of the bitcoin market in the past year. Since it hit a small climax of $ 14,000 in June last year, the price of bitcoin has not been able to effectively break through. The skyrocketing slump turned the secondary market into a harvester, and a crop of leeks that had just emerged fell under the sickle.

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