This guy is quite unfriendly towards the cryptocurrency market.
Once she takes office, the virtual currency industry will definitely face various crackdowns, undoubtedly.
Therefore, in order to cooperate with harvesting leeks, as soon as there is good news for her, they will go crazy selling off.
In fact: the price fluctuations mainly depend on the project party's mood.
Don't believe it? Then go find a project party's company, work there, even if you have to clean the women's restroom, you can understand the truth.
Of course, as the cryptocurrency market is dominated by the US, the price trends of cryptocurrencies are becoming increasingly correlated with US stocks.
Those who say that non-farm data has no impact basically have no entrance and understand even less about economics and finance.
Non-farm data affects the Federal Reserve's interest rate meetings, thereby influencing borrowing rates, and the institution's borrowing rates directly affect market liquidity. When rates are low, institutions can buy various financial assets (including Bitcoin) at a lower cost, causing a certain degree of increase.
As the cryptocurrency market becomes increasingly similar to the US stock market, this influence is continuously rising.
Of course, wanting to judge trades based on these macro information is nonsense.
Because you don't know when the institution's money will enter the market, nor do you know which coin their money will enter.
Moreover, a coin sometimes has more than one major player; some are going long, and some are going short, how do you judge?
Moreover, for traders, macro data is just one indicator, not the sole information for final decision-making.
Factors affecting the market are various: Federal Reserve, retail investor sentiment, project party mood, etc.
So what is the most important factor?
Answer: Boss's mood.
That's right, the cryptocurrency market, due to the project party's high control, does not have any messy laws and regulations restrictions.
The project party can raise or lower the price as they wish, it's just that smooth.
As for the online so-called cryptocurrency analysts, they are essentially scammers; if they really had the ability, would they need to come online to take orders for commissions?
Okay, let's assume they really lay under the project party's bed all night listening to the bed, the question arises, can you tell this kind of news to you? Impossible.
In the cryptocurrency market, it's a zero-sum game; what you lose is what I earn. If there really were insider information, your wife and kids might not even tell you, and would they come online to tell strangers?
So, wash up and go to sleep.
Any idea of wanting to profit through predicting the industry is, in my opinion, extremely naive; it is essentially self-deception.
For those who like spot or contracts, no long!!!
Leave below: 168. No long will take you! Click on my profile and take a serious look!
