(market turbulent days are coming) Now is the worst time to enter trading positions. Especially dangerous to open buy positions, as the market, despite its deceptive calmness, can surprise you very much. And here are the reasons...
First of all, on April 30, Changpeng Zhao (the founder and former CEO of Binance) will be sentenced. This event is not so clear cut, and I believe that the US may give him a 3 year prison sentence as an example to others. This will negatively affect the cryptocurrency market in general and the price of BNB in particular. On the other hand, positive news on this event will lead to local growth, which I mentioned in my previous forecasts. This will allow Bticoin to grow a bit, gather liquidity and take profits before a further fall.
Secondly, on May 1, there will be the US Fed interest rate decision and labor market data. No interest rate cut is expected and although this is already built into the price, the pressure on risky assets and cryptocurrency remains. This means that the rule 'sell in May and go away' may turn out to be not just a hilarious phrase, but a reality. So I'll say it again - stay away not only from buying, but preferably from selling also until end of May as the market can go both ways on this roller coaster...🎢
