🚨Don't buy the bottom unless necessary. The big pie starting with 4 is more cost-effective
1. $BTC broke through the 57,000 US dollar mark several times. This position is the 120-day moving average. The bulls are more fiercely defending here, and there will be a short rebound. From the weekly line, the MACD indicator shows that the death cross has just begun and the decline will not end. From the historical K-line, the weekly MACD golden cross and death cross market is relatively long, from a month to a year.
2. In the early morning, after the Federal Reserve kept the interest rate unchanged, $BTC broke through 59,000 US dollars, and then Powell made a hawkish speech, and the price fell again and fell below the 57,000 mark. Powell: Inflation is still too high, further progress is uncertain, and there is not much confidence in whether there will be a rate cut this year
3. Tether's net profit in the first quarter exceeded 4.5 billion US dollars, a record high. The stable currency cake is too big and is divided by several oligarchs. No wonder someone doesn't want to give up? One was killed by the regulatory agency, and another was supported.
