Analysis of Bitcoin on April 13:

Yesterday, the Federal Reserve announced that it would cut interest rates once instead of three times. The timing of the rate cut was uncertain, and now the expectation of the rate cut has been greatly discounted, which has led to a market crash. The three major U.S. stock indexes fell collectively, with the Dow Jones Industrial Average falling 1.24%, the Nasdaq falling 1.62%, and the S&P 500 falling 1.45%.

At present, Bitcoin has fallen to near the previous low, and a short-term upward trend line has been broken and has been inserted. Although generally inserting a pin is an opportunity to buy the bottom, it seems that the probability of rebounding from here is not high. Although the decline of Bitcoin yesterday was not large, the cottage basically fell to 30%, and the rebound strength was not strong.

This wave of decline can be said to be for deep liquidation of leverage to obtain new liquidity. The black area in the figure is the nearest liquidity, which is around 630. The dealer will definitely continue to kill it. The dealer may also go to the liquidity in the purple area below. The limit is in the range of 580-600.

It can also be said that the dealer is also doing a fund-raising action in this wave of big decline, in order to get lower chips and to liquidate more leverage. There are many bullish stocks in the bull market, and the dealer cannot take small retail investors to take off and make money together. It is necessary to liquidate leverage. The halving is imminent. Only by washing people off the car and making the car lighter can we rise better. #btc