Market Analysis 10.3
Hello, brothers, let's talk about the market from several aspects
(1) Three reasons for the decline
1. This round of decline was triggered by the black swan event of Iran's attack on Israel, which led to the decline of the cryptocurrency circle as a risky asset
2. Japan's Shigeru Ishitake came to power as the new prime minister and he is inclined to raise interest rates
3. After the large-scale rebound since September 6, the profit-taking was cleaned up
(2) Recent on-chain data
Recently, large investors are still hoarding BTC. Signs of large-scale hoarding indicate that there will be more increases in the future
The whales who entered the bull market have hardly made any profit
(3) Will it fall again?
The long-term bullish trend remains unchanged
The prices of many coins are very suitable
Brothers who missed the opportunity or had insufficient positions before can get on board at this opportunity
Don't short or sell at the bottom
(4) About ETH
This round of correction is large, and the inflation of 50,000 coins last month
It is recommended that everyone change ETH holdings to BTC
Recommended currencies: BTC, BNB, AR, CHR, FTM, KLAY