How will the market go next? Can we buy at the bottom?
My suggestion is not to buy at the bottom for the time being, as the probability of further decline in the market is high. There are several reasons:
First, the German government and Mentougou still have a large amount of BTC. If they are released linearly, it is still unknown whether the market can catch them. Moreover, there are more than these two shorts in the market!
Second, the market sentiment has just entered extreme panic, but there are still many people entering the market to buy at the bottom. This often means that the market has not really bottomed out.
Third, the probability of the Fed's interest rate cut in August is almost 0, so the market turning point has not come so soon! Even if the market stops falling now, it will only enter the shock stage, and will not turn around immediately.
Many people in the market are now worried about whether this market will enter a death spiral like the LUNA thunder in 21?
But I don't think so. The market is still within the controllable range, and the current market crashes and negative news are just small scenes.
The premise of entering the death spiral is to have a thunderbolt, and there is no such factor in the market at present.
The essence of this round of decline is to clean up the big households and the big borrowers on the chain who use BTC and ETH as collateral.
Every time liquidity dries up and a crisis breaks out, extreme market conditions are prone to occur, and Mentougou and the German government are just the fuse.
The overall view of the community has also entered a state of being bearish but not shorting. Although the market is likely to fall further, this is a fishtail market with high risks, and it is not recommended to chase.
The best state at present is to wait and see with empty positions and patiently wait for the opportunity to buy at the bottom.
Opportunities come from falling, and risks come from rising.
When the market really stabilizes and finds a clear bottom signal, it will not be too late for us to enter the market together!
When to buy at the bottom, I will notify everyone in the district as soon as possible.
The current market is volatile. Whether you are keen on contracts or spot,
you can, Dingtou Avatar, Zhu Yejie Shao, please come to me for more information.
After the sharp decline of the market, I am also optimistic about several potential coins and ready to lay out.
#Mt.Gox将启动偿还计划 #德国政府转移比特币 #BTC☀