Good evening, brothers. A few days ago, we experienced a big surprise in non-farm data and unemployment rate, which led to the resurgence of the Fed's interest rate cut expectations and a sharp rebound in the cryptocurrency market.
Are there any risks in the future? What do you think about the market?
First of all, this decline has continued to build a solid bottom for the cryptocurrency market,
cleaned out a wave of profit-taking, and brought the price back to the 90-day moving average, bringing those who bought in the past three months to the same starting line, reducing risks and facilitating further increases.
After the rebound, it will continue to fall, and value coins should be bought in batches.
But it is a turbulent time, and there are three black swans that must be guarded against:
(1) Beware of the return of inflation data
After the data was released last night, we will look at
May 15: April CPI data
May 31: April core PCE
If the data is still higher than expected, the cryptocurrency market will fall again
(2) Beware of the expansion of the war between Israel and Iran
Israel may attack Rafah (Hamas' last base in Gaza) in May to expand the conflict with Iran and Hezbollah in Lebanon. Currently, Israel and Iran are at war, and this war will continue. As long as the two sides continue to clash, the logic of the conflict will tend to escalate.
Since ancient times, politicians have tended to ignite wars in order to increase their political survival and support. It is ridiculous to say that the fate of mankind is actually concentrated in the hands of dozens of politicians. If some lunatics click the nuclear button, the Third World War will begin.
Iran is getting closer and closer to making nuclear bombs, and Israel may take preemptive action against Iran's nuclear program. Once the war breaks out, BTC will still lead to a sharp drop in the currency circle.
(3) Beware of Mentougou releasing a large amount of BTC
After Mentougou collapsed, BTC worth $9 billion will be paid to these creditors.
The deadline is October. In April, some people said that they received legal currency compensation. Therefore, it is likely that the compensation will be completed this year. These people who received the currency will most likely sell it. Regardless of whether they sell it or not, the market will definitely fall in panic.
As the unemployment rate is higher than expected, the market rebounded due to positive factors, especially those who are fully invested can reduce their positions. The pressure level is around 64,000. After the rebound, it will definitely go down. At present, it is still a rebound, not a reversal. It needs a long time to build a bottom before the main upward wave can start!
As an investor who has been working in the cryptocurrency world for many years, I am willing to share my experience and insights with you. If you are interested in the cryptocurrency world but don't know where to start, you may wish to follow my homepage and discuss the mysteries and future possibilities of the cryptocurrency world with me. Click on the avatar to find me.
