🔥🔥🔥 In a last week we saw the burning of many long positions, but what happened?🔥🔥🔥
So, to be honest, my portfolio was just as affected as everyone else's. However, I am still in surplus, but as the figure shows, the value of my portfolio has decreased by about $100.

Okey, but what happened?
On Friday afternoon, we experienced the first serious drop in the market. The exchange rate plunged to $65,000, during which approximately $700 million of longs were liquidated. The reasons can be traced back to the pre-tax sales typical of America, and since the price of Bitcoin correlates with the movement of the stock market, a shift in this direction was expectedOn the other hand, the risk of war in the Middle East between Iran and Israel also increased noticeably. Together, these resulted in a 7% drop and as a result of the record high Bitcoin dominance, the alts reacted much worse to the news, we recorded an average drop of 15-17%, but even Ethereum saw a drop of over 10%.And last we was received on Saturday night, when Iran launched a direct attack on Israel with more than 300 drones and missiles
Many turned out to be weak hands, and in such cases we know that the strong hands absorbed the outflowing amount.
And what will i do?
I believe continuously in my projects and I will continue to invest with the specified amount of 120 dollar in the coming months and I will patiently wait for the end of the bull run.I don't lose a focus and continue on my way. I read, read, read and watch technical analysis only for projects I believe in.

And don't forget that $BTC will halve in a few days
Disclaimer: The information in this article is meant to serve as general information and should not be construed as investment advice
#bitcoinhalving #BullorBear #portfolio

⏺Investors are eagerly awaiting signs that China's new fiscal stimulus may finally lift wealthy and middle-class Chinese shoppers out of their funk, inspiring them to buy $4,300 designer leather handbags ahead of Singles' Day, China's biggest shopping holiday.

⏺Consulting firm Bain previously said global sales of luxury personal goods, including clothing, accessories and beauty products, would grow 4% this year compared with the same period last year, on a flat basis. The global downturn is most pronounced in China as economic uncertainty weighs on middle-class #buyers and makes those who can still afford #Luxury wary of ostentation.

⏺Mistrust among Chinese buyers persists following the downturn in the country's property market. If confidence returns, even slightly, spending on luxury goods in #China could become quite significant again. Let us remind you that the world leader in luxury LVMH has in its #portfolio brands such as Louis Vuitton, Dior, Tiffany & Co and Sephora.

📌#TrumpDeFi

In recent cryptocurrency market trends, a significant shift is observed in investment patterns and the overall market sentiment.
1. Bitcoin's Price Fluctuation: #Bitcoin's value has recently seen a notable dip, falling below key psychological levels. This is partially attributed to large-scale $BTC selling by institutional players like Grayscale and FTX's bankruptcy managers, alongside the influence of new Bitcoin ETFs in the U.S.
2. Shift in Investment Trends: There's a growing preference for lower-cost investment options, as seen in the substantial outflows from higher-cost crypto funds and the impressive inflows into new spot Bitcoin ETFs. This trend reflects an investor pivot towards more affordable and possibly more efficient crypto investment products.
3. Altcoins in Sync with Bitcoin: Other major cryptocurrencies like $ETH , $SOL , and Cardano are also experiencing a decline, mirroring Bitcoin's trends. This interconnectivity indicates a broader market reaction rather than isolated events.
4. Global Economic Influence: The crypto market isn't immune to global economic factors. For example, China's currency challenges and geopolitical actions, like sanctions against certain crypto facilitators, play a role in shaping market dynamics.
5. Innovations Continue: Despite the market downturn, advancements in the sector persist. Notable developments include the sale of high-value Bitcoin-based digital art and ongoing innovations in the #EthereumEconomy ecosystem.
This analysis offers a snapshot of the current crypto landscape, highlighting the importance of staying informed about diverse factors influencing market movements. For those invested in or considering entering the crypto market, understanding these trends is crucial for making informed decisions.
The current #cryptocurrencry market is witnessing a tug-of-war between bearish and bullish forces, reaching a delicate equilibrium. While the market shows a trend of oscillating decline in the medium term, short-term volatility is highly probable. Without clear indicators like those seen yesterday, it's vital for investors to exercise caution with their #portfolio . In this balanced but uncertain market, a strategy favoring short positions in the medium to long term while maintaining controlled exposure is advisable. Always remember, investing in cryptocurrencies involves significant risks and should be approached with due diligence and a clear understanding of market dynamics.
#Write2Earn