Cryptocurrencies BTC and ETH are fluctuating in a large range, but most small currencies are already in a bear market. There are no good opportunities in sideways fluctuations. This time is very painful. You must restrain yourself and wait patiently for the best opportunity to appear, which is in line with your trading system.
BTC and Ethereum plummeted, are you panicking? Currently, BTC is hovering around 5w7. I personally think that if the daily line closes above 5w8 today, there will be a small rebound, which means that this support level is still somewhat useful. The next key support level is around 5w5. It is still the same as the previous view. The probability of BTC falling to around 4w is still relatively low. Finally, the key is dyor.
From 2018 to now, I have counted the number of times the USDT premium rate is greater than 3. 1. 2019.05.31 USDT OTC premium is as high as 3.3% 2. 2020.3.16 to 3.23 The highest is 5.85% (this period is mainly due to the epidemic) 3. 2021.5.19--4.26% Everyone knows this 4. 2024.4.14--3.91% The trends correspond to the following figures for reference only
Less than ten days after the halving, how will Bitcoin go? I personally think that it will fluctuate between 64,000 and 72,000. There should be a correction after the halving, and it is likely to reach the position starting with 5. Judging from the current market situation, the probability of breaking through 80,000 is a bit low.
The pie is about to be halved. Hold on to your chips. There may be a wave of explosions. The current pullback of 6 is a strong support level at the beginning. After the halving, those who are full can clear part of their positions. I think the real bull will be in the second half of the year.