There is no need to panic at this point.
The price of Bitcoin has already held the range, even if it falls below 60,000.
From 737,777 on March 13, it has fluctuated for 2 months, and it has been sideways for 2 months from December to February at the beginning of the year.
We must first make sure that we are in a bull market cycle, for the following reasons:
1. The beautiful non-agricultural and employment data are bullish for non-US currencies. The next step will be a rate cut cycle. The interest rate cut will bring sufficient liquidity, and the price of the currency will rise.
2. The ETF cost of miners and institutions is 50,000-55,000 US dollars, and there is currently limited room for decline.
3. The consensus of retail investors is also a consensus. Everyone knows that the bull market is coming. The institutions have been washing the market for a long time, and it is easier to pull the market.
The two major cryptocurrencies will explode 100 times in June!
AVAX
"Avalanche", translated into Chinese as "Avalanche". For avalanches, we can imagine the scene of a snowy mountain collapse, with all the snow falling down, which is very spectacular. The project is named Avalanche because its underlying operating mechanism is as swift and powerful as an avalanche.
In fact, Avalanche is a public chain similar to Bitcoin and Ethereum, often referred to as the "avalanche chain" or "avalanche protocol". AVAX is the native token of the public chain, so it is also classified as a public chain coin. The Avalanche (AVAX) project was launched in 2018, and the laboratory (AVA Labs) was established in 2019 to fully promote the prospects of the project. In 2020, the Avalanche mainnet was successfully launched, and AVAX coins also landed on multiple trading platforms for trading.
The assets after the leak, as well as all tokens in general, began to trade locally sideways between two levels. Yesterday we conducted a local test in the support area around $33, and we showed a small reaction. The price also showed an accumulation of trading volume, which happens when big capital begins to gain its position.
In the near future, it is expected that the movement of this sidewall will continue to grow and be removed from the upper liquidity pool around $40.
ADA
Scientific Rigor: Cardano’s development is guided by a research-driven approach, emphasizing peer-reviewed academic research to ensure the robustness and security of its blockchain.
Scalability and Sustainability: Cardano’s Ouroboros consensus algorithm is designed to address scalability