From mid-April to early May, the United States will impose taxes, which may withdraw market liquidity. At the same time, the Federal Reserve is still continuing to shrink its balance sheet by $95 billion per month. In addition, the halving of Bitcoin's block reward expected on April 19 may lead to short-term overselling, which will bring huge pressure to the market.
The market may be deeply weak, but from May 1, as the Federal Reserve slows down the pace of balance sheet shrinkage and the United States Treasury uses funds to stimulate the market, the crypto market is likely to start a new round of bull market.
Next, friends who are in the spot market, reduce their positions if there is a good profit, and then take it down. What spot to layout will be released one by one later.
What positions do you hold? You can leave a message and see the reply.
