Yesterday, I said that the market was turning bearish and that the price of Bitcoin could not hold up. As a result, it almost fell below 60,000 today, and fell to around 60,800 at its lowest. Now it has rebounded to around 61,400! I continue to be bearish and see if the 60,000 support point can hold up. If it holds up for two or three consecutive days, it is not too late to be bullish.
Now it feels that interest rate cuts are harder than eating shit, and all kinds of bad news are coming one after another!
① Collins of the Federal Reserve said that there are risks in cutting interest rates too early, and the US economy needs to cool down to get the inflation rate back to the Fed's target level of 2%.
② Cathie Wood's ARK Invest reduced its holdings of 41,964 shares of Coinbase COIN on May 8, equivalent to about 8.862 million US dollars.
③ The Ethereum Foundation sold coins again yesterday. Yesterday, 1,000 Ethereums were transferred to a multi-signature address. Every time I remember that he sells Ethereum, nothing good will happen.
I reminded everyone yesterday. I wonder if you have sold some coins. I really envy those who are short-selling. They don’t have to suffer too much every day. In fact, sometimes short-selling is also a good strategy. You can relax and observe the market more.
If you are also confused and have no direction, fighting alone, you can follow me. The homepage will give you the latest wealth code!
