Market Analysis 4.23
Good morning, brothers, BTC continues to remain strong.
The number of short sellers has increased sharply, and the current Binance BTC contract funding rate is negative.
This is good news, proving that the current market sentiment has not recovered.
Many people believe that the positive news has been released after the halving, and BTC will fall sharply.
JPMorgan Chase predicts that it will fall below 50,000 after the halving.
But the market is cruel and ruthless, and it is impossible for everyone to make money.
The direction of its development is always contrary to most "experts".
From the data on the chain,
During the big drop last week,
the big capital that bought the bottom withdrew a lot of BTC from the exchange.
After the halving, the number of stablecoins in the exchange has increased.
With the easing of geopolitical tensions in the Middle East,
and the inflow of ETF funds this week,
BTC will continue to remain strong and challenge the previous high.
Be patient and hold the currencies that have been bought at the bottom before.
Don't increase your floating profit funds, and remain cautiously optimistic.
Brothers who miss the opportunity can buy some BTC, ETH, Chr, and Matic.
DODO has a low market value of less than $200 million, so you can take it for the long term.
