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Today the Market makers won't let this hype caused by Jerome Powell's speech fade, they will use it to stir more interest in the market and tomorrow they will drop it.
#N4G
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So monday was a red day, now its time to shift upward.
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CZ, the former CEO of Binance, the world's largest cryptocurrency exchange, Speaking at the Bitcoin MENA conference held in Abu Dhabi, Changpeng Zhao made statements about countries creating Bitcoin (BTC) reserves. He Said "China will be among the countries that will adopt a strategic Bitcoin reserve, likely following a plan proposed by incoming US President Donald Trump and his administration". He also added that "With the increasing global trends towards Bitcoin, China will accumulate secret Bitcoin and that the strategic BTC reserve is inevitable for China". #N4G
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what happened yesterday was a healthy step for the market, it's an opportunity for the market to transition toward more stable conditions. With that leverage wiped out, the market has reset, with Altcoins flipping key levels into support. #N4G
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📉 Altcoins, particularly those that have surged significantly during this 2-month bull rally, have plummeted today. If retail traders react with fear and begin selling off their bags, expect a swift rebound to assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA #N4G
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Why do i keep saying that the market will not stay like this for long? Simply, Because the market makers will not risk loosing the hype they created a month ago for just 1.6B in liquidations, they will use that money to drive the market even higher than it was earlier on November. It's just a matter of time and not a long period, it will be this week. #N4G
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