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Chicken boy
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Chicken boy
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The market is facing increasing profit-taking pressure as $BTC increases in price In the past week, when $BTC increased sharply back to the $94-95k area, the profit-taking pressure to form actual profits has increased dramatically to $139.9M/hour, the last time this large profit-taking level was reached in the period of January-February 2025 when $BTC was trading around the $110k area This sudden profit-taking signal shows that many investors are taking advantage of this price increase to realize their profits This is an important stage to confirm the strength of liquidity If liquidity is strong enough to continue to absorb this strong selling momentum and the price of BTC continues to be maintained above $94k,BTC will continue to make its increase On the contrary, if it cannot maintain the current price in the context of the market being strongly profit-taking, this price increase will be like a "rebound" and BTC price will soon lose its current position and have to retest the lower price areas before the money flow is strong enough to force the price to increase again
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The White House said on April 15 that China now faces a 245% tariff on goods imported into the United States due to its retaliatory actions. Chinese Foreign Ministry spokesman Lin Jian said on April 16 that China has repeatedly stated its serious stance on tariffs. Accordingly, the tariff war was initiated by the United States. China has taken necessary countermeasures to protect its legitimate rights and interests as well as international fairness and justice, which is completely reasonable and legal. According to him, tariff and trade wars have no winners. China does not want to participate in these wars but is also "not afraid".$ETH
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OM dump signal before this morning's rugpull Before this morning's ~90% dump of $OM, more than 17 wallet addresses deposited 43.6M $OM = $227M to exchanges. Laser Digital - one of the strategic investors of $OM has deposited $OM to the exchange since 2 weeks ago. The total amount of $OM deposited by this VCs to the exchange is up to ~$8.8M OM, accounting for 20% of the total amount of $OM deposited to the exchange recently. A wallet address believed to be from Mantra's Dev team deposited $4.25M $OM to OKX before the dump occurred. After that, this wallet address continued to deposit more than $2.4M $OM to Binance for dumping. Both the development team and investors simultaneously sold off $OM. It is worth mentioning that onchain data shows that this rugpull was prepared in advance and did not happen randomly. You should limit bottom fishing because this is a pre-planned sell-off from investors.$XRP
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It turns out that China has just responded with heavy tariffs but the market has not reacted anymore! The bottom is the stage where bad news continuously comes out but cannot affect the price because investors who stay have nothing to lose 😂😂😂 With the situation of continuous FUD causing the price of $BTC to drop sharply, then slightly, then helplessly like now, we are likely at the bottom! We have many big deals in front of us that will relieve the pressure of tariffs between the US and other countries It's just a pity that the FED is so rude that they make us play the game of opening the box blindly, the FED must clearly see that the trade war does not affect inflation much and release the valve! The difficulty in Trump's tradewar 2.0 is that he does not have the support of the FED Regarding the chart, after a series of bad news causing the US stock market to drop nearly 20%, $BTC is still holding on to the red line$ETH
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In terms of time, if the bear market is at least 12 months, we have already experienced 3/12 months. Considering that each altcoin trend is only a few weeks - 1 month, and the market is constantly moving in and out under Trump, it seems that this year will be the year of the trader. The market rewards continuous reaction and capital management instead of making predictions too far in advance like what is the trend in Q3 or Q4 waves. Anyway, with altcoins, almost every wave is a new hot kid. The strategy that suits most people will be to go to work and dca $BTC. Let $BTC break ATH, the bulls will go crazy again, then take a small amount of money to gamble, it's not too late.$XRP
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