Currently, the market is incomprehensible to most people. Each drop and rebound has no volume, primarily aimed at inducing short positions. Every day, there is a net inflow of FET, and the whales continue to buy. We are also at a weekly golden cross, so what reason is there for a significant drop?
This month, I still expect it to be above 70,000. The subsequent market will definitely first let Bitcoin break the previous high of 74,000, and then we will see altcoin movements start. Every coin will rise, leading to collective FOMO.
Is there any relationship between gold dropping and the crypto world?
There definitely is. More than 90% of people will not buy Bitcoin. Only when altcoins take off will everyone FOMO, leading to a continuous spread and market heat. People will inform their friends to buy in; this is the premise for the whales to harvest big profits.
Gold is not going to drop right now; if it does, it might be until next year. It is related to the ongoing war between Russia and Ukraine. As long as the fighting continues, prices will keep rising. Once it’s over, there will definitely be a correction, but it’s not too much of a concern.
