Why did Bitcoin crash?

Has the bull market ended?

Is a major correction coming?

Yesterday, the price of Bitcoin fell sharply, dropping more than 5% within the day! Everyone may have heard that MicroStrategy has spent another $5.5 billion to purchase Bitcoin! Their total holdings have reached approximately 386,500 Bitcoins, worth nearly $22 billion! After this purchase, the market did not see an immediate price increase as usual.

Why is that? According to analysts, large institutions like this usually purchase Bitcoin through over-the-counter (OTC) transactions. This means that their buying behavior does not immediately affect the spot market.

So, what is the short-term trend for Bitcoin? Personally, I believe the long-term bull market remains unchanged! The bullish momentum on the long-term weekly chart is still ongoing, and the situation before the significant price increase in October 2023 is very similar. It is normal to see small corrections during a bull market.

In this bull market, the projects leading fans to build positions include: ENA, SOL, bnb, XRP, bome, wld, wif, bonk, eth, PEPE MAGA MOG, all of which are profitable.

Follow the pace of Brother Yuan and enjoy the feast

This week, I will lead fans to position for explosive potential coins; doubling your investment is very simple.

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