Warning! $BTC may be about to usher in the final wash-out stage. Are you ready?
In the past two days, $BTC and the entire market need to be careful. Although the market does not seem to continue to fall, but hovers around 62,000 points, it should continue to rise according to yesterday's trend. However, some big capital and large institutions do not want BTC to soar immediately. They need to consider how to use funds more effectively.
At present, some funds have been transferred to the A-share market. Today, the Chinese government held a press conference and announced that it will continue to support the stock market. From the strategic perspective of the country, the stock market cannot collapse this time, otherwise the entire economic system will be affected.
In the short term, A-shares may continue to rise for about a week until new and old investors complete the turnover. If the rally stops or the policy changes, then funds need to be withdrawn quickly and flow back to the cryptocurrency market. At present, many small investors in the cryptocurrency market are waiting and watching.
It should be noted that the price of $BTC is not necessarily stable, and this may be the last wash-out before the big rise in November. When Trump takes office, his policy toward digital currencies may be more friendly. However, before the carnival, the market is often unusually calm, and investors are not recommended to make long operations or set stop losses at present. Although the market seems to be fluctuating slightly, if the capital of the Eastern powers withdraws and the capital of the Western powers may follow suit, the price drop may be very drastic, and there may be an opportunity to buy at a lower price. Then, they may quickly raise the price, and the capital of the Eastern powers may not have time to react and return, thus missing the bottom of the market.
Currently, BTC is around 61,800 points at the daily level. Investors who want to enter the market must set stop losses and cannot take it lightly now. Judging from market sentiment, everyone is watching and speculating. If the market really starts to rise, the momentum will be very strong. After all, the Trump family and the Musk family also hold a lot of BTC.