Market Analysis 4.29
Good morning, brothers. Yesterday, BTC fell below $62,000.
Many experts came out and said they saw $55,000. Some experts said it would fall to $30,000.
The same institution said that when BTC rose to $70,000, it would reach $100,000.
Some even said it would reach $150,000 this year.
When it fell, they said it would be cut in half.
Experts and retail investors are all human beings.
Extreme market conditions will amplify greed and fear.
As I said yesterday, the strategy for everyone this week is to hold a portion of spot and wait for the opportunity to buy at the bottom or the market to turn around.
BTC will only fall sharply by 5%-10% in three situations:
(1) War conflict: Israel attacks Rafah, leading to counterattacks from Iran and other countries.
(2) Bondholders of Mentougou Exchange receive BTC.
(3) Economic data shows that inflation is much higher than expected, and the Federal Reserve is preparing to raise interest rates.
Other situations are fine.
The current market is volatile, and there is a shortage of stablecoins in the exchange.
Therefore, just buy 60% of the value coins and wait for the right time. You can continue to buy the bottom if there is a big drop.
If there is a rise, you will not miss out.
I have mentioned several times the recommended coins: Chr, AR, FTM, WLD, ETHFI, etc.
Wait for two major events
(1) On May 2, the Federal Reserve will hold a monetary policy meeting, and Powell will speak after the meeting
(2) On May 3, the super heavy non-farm data will be released
Before Powell's speech and the data is released,
because the market is panic, there is a high probability of a fall
Whether the cryptocurrency circle can reverse the decline depends on the non-farm data released on May 3!
If it is higher than expected, it is still necessary to defend 60,000
If it is lower than expected, it will challenge the previous high
If there is a big drop before the data is released, buy part of the bottom
Because this impact is asymmetric, the profit and loss ratio is appropriate
