Market Analysis (Issue 6)
Today, on the 20th, the market fell sharply. The key point is that after the hawkish speech of the old Bao, the expectation of subsequent interest rate cuts weakened, and the appreciation of the US dollar led to the decline of assets anchored to the US dollar. The dollar strengthened, the big cake weakened, and the crypto market was bearish in the short term.
Jason did not ask everyone to buy the bottom these days, because he felt that there has been no strong main line in the market, and the newly launched vc coins did not bring a good money-making effect. Now it seems that when cex launches a large number of vc projects, or projects on the bsc chain, it may be the turning point of the market. If it is not launched at this time, the liquidity in the future may be worse.
Because most of the currency circle are unanchored assets, it is smooth to pull up and it is also smooth to smash. The purpose of pulling the market is to smash the market. A large number of altcoins will be abandoned in this decline, and funds will be allocated to the mainstream again.
BTC ETH SOL have fallen below the bull-bear dividing line. In the absence of changes in the fundamentals, the market outlook is still not optimistic.
