From April 15 (the tax due date for the 2023 tax year) to May 1, monetary flows are concentrated in U.S. taxes, the Federal Reserve's quantitative tightening program, and the Treasury Department's general account. The market's unstable period is from April 15 to May 1.
The April 15 tax deadline will drain a lot of money from the system. At the same time, the Federal Reserve is still continuing to shrink its balance sheet by $95 billion per month. In addition, the expected block reward halving on April 20 may lead to short-term oversold, which will bring huge pressure to the market.
It is recommended that you act cautiously in April, and be bold in deployment after May. If you can avoid the risk of losses in April, you will have sufficient ammunition in May to start a violent bull market!
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