$BTC

It’s time for my weekly market forecast again. Last week, the price fell below 59,000 and then pulled back to close the cross-yang line. This market made me think carefully. Since the Bitcoin ETF was passed, the ETF’s holdings have exceeded Binance and become the largest dog dealer. According to my observation, when the price fell last week, ETF funds poured in significantly, and the market was pulled all the way to 63,400. Traditionally, the largest dog dealers are exchanges, so the market generally follows the pattern of wide fluctuations and ups and downs to clear leverage. However, this time, the influx of over-the-counter ETF funds has provided huge support to the bulls. From the fate of CZ and FTX executives, it can be seen that if the exchanges continue to manipulate the market as they did before, it is very likely that the market will be affected. It may be hit hard by the Americans, that is to say, the cryptocurrency circle is now more regulated than before. I still remember He Yi’s post some time ago, saying that it is not easy for exchanges to operate in compliance. Under such a new situation, it is actually conducive to the rise of the next round of bull market in the cryptocurrency circle, but now the US economy is in a recession cycle, and the liquidity crisis that may break out at any time also makes people feel a sense of crisis. However, Trump’s chances of winning the election are very high now, so I have always believed that there will be another wave of highs, but this week I still insist on being bearish first and I think this wave of decline should be the last wave of this round of wide fluctuations from 73,000 to 49,000. If it does not fall below last week’s low this week, then we should be brave to go long, and I will take the lead in charging in. I will buy FDUSD leveraged spot. I want to see which is more cost-effective, the fund handling fee or the borrowing rate! (⌐■_■)💰