📊｜What is the connection between the trend after 519 in 21 and the current situation?
📌Recently, I have seen many people linking 519 with the present. First of all, I think there is no connection, and the two situations are also very different.
First, the environmental background is different. At that time, the global COVID-19 pandemic was spreading, and countries were closed and policies did not support encryption. Now inflation is shrinking, policies are supported, and ETFs are approved.
Second, at that time, all countries were closed due to the epidemic, and global economic liquidity was stagnant. Therefore, in order to stimulate the economy, the United States had to print money and cut interest rates crazily, causing a large amount of US dollars to flow into the market, and the extra US dollars poured into the crypto market and US stocks.
🔻And now it is more like the sequelae caused by the United States to stimulate the economy at that time. In order to balance the inflation caused by printing money at that time, high interest rates have been maintained.
💡So the two are actually not very meaningful for reference, but we can still find that it has been 2 months since the 519 plunge, and it has only been more than a month since 4.13/14. There are signs that the shock is coming to an end, but not now🫰🏻
