The current price of Bitcoin has reached US$70,000. On March 21, the island nation raised interest rates for the first time in 17 years. The interest rate increase is undoubtedly bad news for the financial market.
There are still 25 days left before the Bitcoin halving. Interest rate hikes are negative. Will it trigger a sharp decline and end the bull market in the currency circle early?
It is indeed negative for island countries to raise interest rates, but we should not overestimate the island countries or underestimate the crypto market.
The currency circle is a global financial market. It is popular in Asia, Africa, and Europe. Now the traditional financial field has also opened up.
The influence of island countries on the bull market in the currency circle, whether it accelerates or ends early, is minimal and not worth mentioning.
Regarding the news in the currency circle, it has always been what everyone says, and three people are like a tiger. Today, A said that interest rate hikes are bad, and when it comes to B's mouth, it means that there may be a big drop, and when it reaches C's ears, it means that the bull market is over.
If you don’t have your own judgment and no professional circle can interpret it for you, how do you know the source of the news you heard?
Usually when the news reaches the market, it has been fully utilized by the main force. Many of the news you hear are known to everyone and are deliberately made by the main force to make the market believe it.
So everyone understands why the financial market always follows the 80/20 rule, and is 80% destined to lose money? Because 80% of people choose to take the easy path, listen to news and make investments
It has always been difficult for retail investors in the currency market. Generally speaking, there are only a few people who know professional skills or have access to truly powerful people who are willing to teach you.
Due to lack of information channels, I am unable to interpret the news professionally and have no way to start.
Therefore, when making investment decisions, most people can only rely on one way, which is: listening to the news
Listen to news from various analyst Vs, various communities or celebrities, and then combine it with your own knowledge to make judgments
But ultimately, you still rely on your own cognition. Your cognition determines what you listen to and what you believe.
The first step to correctly interpret the news is to choose the right professional circle to enhance your industry awareness. Under the protection of the professional circle, understand the internal logic of the news, understand this market, and what are the major events worthy of our attention. Follow us What is the connection and where are the opportunities?
After the market stabilizes at its current position, I will arrange for bottom-buying copycats and ambush high-explosion hot coins in a small circle, and share daily market analysis.#icp #xrp #BTC $ETH $BNB
