I think it's enough correction to have the energy to continue bullish.
#BecomeCreator #bullishmomentum
$BTC

Three analysis why $BTC #bitcoin experienced a decline

1️⃣Profit Taking and US Inflation: There are indications that investors are taking profits, especially with the spotlight on US inflation data this week. This suggests that the decline may be due to investors taking profits after the previous rally, amid global economic uncertainty and upcoming US inflation data.

2️⃣Liquidation of Crypto Positions: There are reports that over $1.5 billion in crypto positions were liquidated in the last 24 hours after Bitcoin hit a high before falling from $100,000. This suggests that the price decline could also be due to mass liquidation of leveraged positions in the crypto market.

3️⃣Bitcoin's daily sentiment is described as "ugly" due to falling Chinese inflation data, a slight increase in RRP (Reverse Repo Program) data, and a lack of economic data from the US that may not provide clear clues on the direction of the economy. However, it was also mentioned that in terms of big data, there is nothing to get excited about, suggesting that this decline may be temporary or a reaction to daily market dynamics.

Here is just a personal assumption.$BTC cannot get the push to continue to 100K. It will take more time to continue the increase and my assumption is that bitcoin will correct because the market is getting saturated hoping it will continue to rise.

On the M15 timeframe, volatility is very high. At the same time, the selling volume is very large, what happens?
$BTC $ETH $BNB

This also happens in the xauusd, usdjpy, usdcad markets.

$BTC
Do you have assets for Emergency Fund? Ever thought that besides money market, deposit, or cash money. There are assets that are included with the characteristics as emergency funds, namely #BTC
While the price is still in accumulation and sideways conditions, you can enter it as your emergency fund portfolio.

Characteristics of good emergency fund assets are:

1. Easy to liquidate at any time without deductions or additional fees.

2. Avoid the risk of significant losses.

3. Can be withdrawn quickly when needed.

#BTC does this include these characteristics?
points 1 and 3 are included as emergency fund assets because they are liquid and easy to withdraw within 24 hours. In point 2 the risk is high volatility, high risk and high return. But my advice is if you often do routines at support prices and Dollar Cost Averaging, then point 2 can be avoided.

Now the price of #bitcoin☀️ in a good pattern is experiencing a pullback in an uptrend. The right time if you don't have it yet and make it an Emergency Fund.$BTC

Make $BTC as an "Emergency Fund".
The financial plan formula must provide an emergency fund at some point to be used when we are laid off, a disaster occurs, and other emergencies.
I have tried to make #BTC a safe haven, as a liquid asset, and an investment. The criteria for #BTC as an emergency fund are very suitable and I invite you if you feel that #bitcoin☀️ is also suitable to be your Emergency Fund.

#MyFirstSquarePost Halo, Binance Square!