There are three main reasons for the decline:

One of them was a sudden event yesterday, but we had warned before

(1) Fear of the release of the positive news of halving: BTC has risen too much, there are too many profit-taking orders, and the release of the positive news of halving is almost over.

(2) Economic data in the past month show that inflation is too high. The Fed’s interest rate cut expectations have been postponed to July or even September. If there is no interest rate cut, there will be no funds. Without funds, the cryptocurrency market will not rise sharply.

(3) The war between Iran and Israel is imminent:

Yesterday, the situation in the Middle East escalated. The United States urgently dispatched warships to their positions, saying that Iran would attack Israel as early as Saturday. Biden warned Iran not to take action. At present, an aircraft carrier is heading north through the Red Sea towards Israel. Rocket air defense alarms sounded many times in northern Israel. The Israeli army said that it was Hezbollah. In the real war and great turmoil, these coins in the cryptocurrency market are all bubbles. Gold and silver are both rising sharply. #BTC🔥🔥🔥🔥🔥🔥