The market crashed this weekend, with alts falling the hardest. Bitcoin alone fell the least, closing the weekly candle with a slight minus of -4.36%. We would like to congratulate everyone who listened to us (see last post) and placed stops on their positions, as we did. After closing positions, we were left with only 27% of assets in the portfolio out of 70% previously available. Now 73% of our funds are in USDT.
💰 This week the US Treasury begins withdrawing liquidity from the system + the US Federal Reserve will continue to clear its balance sheet. What we wrote about many times before (you can re-read by scrolling through past posts). All this is a very strong negative for the crypto market and do not think that the crypto market will be able to get away with it. Assets cannot grow when liquidity in the system decreases.
As for the FUD about Binance, we have already written our thoughts and recommend that this news be perceived as market noise that will pass in a couple of months. The United States will now do everything to make people think that there is no more reliable protective asset than their bonds, by the way, this is why even gold is now falling and will continue to fall.
📊 To sum up, we can confidently say that a new cycle of decline has started and we hope that we were prepared for this if we carefully read our posts.
Today we will post a detailed review of Bitcoin, in which we will find out to what levels we will fall and when we can expect a full-fledged start of a powerful bull market that will return everything to us for these 2 years of suffering. We especially think you will be interested to know why Bitcoin is still holding strong.
In the meantime, you can give reactions if you are interested 👍
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