Hey Legends on Binance, what a bloody馃└day!
#Bitcoin lost about -27% from its ATH currently. And within these past 5 days until now, it dumped about -13.5%, fell from $62.xxx to current price of $54.xxx
Many FUDs have been released such as MtGox to repay their client, 馃嚛馃嚜 Gov to sell their $BTC etc.
But i can tell you based on my experience, the major factor is the negative forecast about a potential recession is coming. So the tips are here:
- 1. Don鈥檛 check the charts too often as usual
- 2. Don鈥檛 borrow to invest
- 3. Wait for the important 馃嚭馃嚫 economic data such as CPI, PCE, Unemployment Rate etc.
- 4. DCA if you still have fund to invest
- 5. For Web3 enthusiasts: choose the right project to go along with during this period. Projects must be built by the strong passion from the core team and a strong community
Once 馃嚭馃嚫 economic data is positive to make the Fed get enough confidence to start their first rate cut. We will officially step into the new bull season of the entire market
Conclusion: We鈥檝e just finished the Halving event and according to history, we鈥檙e still in Bitcoin Bull Season 馃挌
NFA and DYOR
