🔥🔥🔥 In a last week we saw the burning of many long positions, but what happened?🔥🔥🔥
So, to be honest, my portfolio was just as affected as everyone else's. However, I am still in surplus, but as the figure shows, the value of my portfolio has decreased by about $100.
Okey, but what happened?
On Friday afternoon, we experienced the first serious drop in the market. The exchange rate plunged to $65,000, during which approximately $700 million of longs were liquidated. The reasons can be traced back to the pre-tax sales typical of America, and since the price of Bitcoin correlates with the movement of the stock market, a shift in this direction was expected
On the other hand, the risk of war in the Middle East between Iran and Israel also increased noticeably. Together, these resulted in a 7% drop and as a result of the record high Bitcoin dominance, the alts reacted much worse to the news, we recorded an average drop of 15-17%, but even Ethereum saw a drop of over 10%.
And last we was received on Saturday night, when Iran launched a direct attack on Israel with more than 300 drones and missiles
Many turned out to be weak hands, and in such cases we know that the strong hands absorbed the outflowing amount.
And what will i do?
I believe continuously in my projects and I will continue to invest with the specified amount of 120 dollar in the coming months and I will patiently wait for the end of the bull run.
I don't lose a focus and continue on my way.
I read, read, read and watch technical analysis only for projects I believe in.
And don't forget that $BTC will halve in a few days
Disclaimer: The information in this article is meant to serve as general information and should not be construed as investment advice
