Market Analysis 4.13
Good morning, brothers.
The big bitcoin fell only 5%, while the copycat fell more than 20%.
The day before yesterday and yesterday, we asked everyone to reduce their positions 3 times.
Today, we will analyze whether it has reached the bottom, where it will fall, and how to operate.
There are three major reasons for the decline.
One of them was a sudden event yesterday, but we had warned before.
(1) Fear of the release of the positive news of halving
BTC has risen too much, there are too many profit-taking orders, and the release of the positive news of halving is almost over.
(2) Economic data in the past month show that inflation is too high.
The Fed’s interest rate cut expectations have been postponed to July or even September.
If there is no interest rate cut, there will be no funds, and without funds, the cryptocurrency market will not rise sharply.
(3) The war between Iran and Israel is imminent.
Yesterday, the situation in the Middle East escalated.
The United States urgently dispatched warships to their positions, saying that Iran could attack Israel as early as Saturday.
Biden warned Iran not to take action. Currently, the aircraft carrier is heading north through the Red Sea towards Israel.
Rocket air defense alarms sounded several times in northern Israel. The Israeli army said it was done by Hezbollah.
In real wars and great turmoil, these coins in the cryptocurrency market are all bubbles.
Gold and silver are both rising sharply.
The transformation of BTC into digital gold may have to wait until a real war.
The current operation suggestion is to wait for more than 3 days.
Don’t worry about the rise and fall. The time is not right yet.
If it drops sharply to 60,000, you can consider buying at the bottom
