Bitcoin has recently "stirred up" the market, with 420,000 shareholders facing liquidation—what's going on? Some say this is the U.S. trying to use Bitcoin to counterbalance China, while others suggest it's due to "Old Powell" suddenly changing his tune.
This Bitcoin crash is like a "perfect storm" from the heavens, with several adverse factors coming together—this has certainly caused a commotion!
First, let's talk about the broader environment. The global economy is not doing well; inflation seems to have taken off like a rocket, and the Federal Reserve keeps raising interest rates. All these factors combined hit Bitcoin like a heavy punch, leaving it dazed. The latest data from The Wall Street Journal shows that the dollar index is firmly hovering around 108, which means Bitcoin's situation has become even tougher.
Looking at the policy side, it has been quite unstable. Reuters reported that Trump had a favorable view of cryptocurrencies during his presidency, but Biden has become more cautious since taking office. The attitudes of regulatory agencies towards cryptocurrencies are a mix of "love and hate." Bloomberg statistics show that over 20 countries worldwide have implemented varying degrees of regulatory measures on cryptocurrencies. Isn't this just like putting a "tightening spell" on Bitcoin?
The technical indicators are even worse. According to the Financial Times, various technical indicators have turned red: MACD death cross, RSI oversold, and the candlestick chart has showcased a dramatic "waterfall plunge". This is similar to the "five-day line" and "ten-day line" in the stock market.
Market sentiment has exploded. Binance data shows that in just a few days, 420,000 people faced liquidation—what's the difference from blatant "harvesting chives"? The previous surge attracted many "chives" to enter the market, but once the bubble burst, they all turned into "cannon fodder."
Speaking of the U.S.-China competition, The Economist analyzes that Bitcoin is like a "pawn" in this struggle. However, we must not oversimplify the situation; it's like playing mahjong—focusing solely on one tile won't win you the game.
Powell's "counterintuitive" remarks are quite intentional. According to Wall Street Journal reports, he clearly stated that the Federal Reserve will not hold Bitcoin, which is a very steady move. It needs to maintain the dollar's "dominant position" while preventing Bitcoin from causing any trouble.
For ordinary investors, this market is like a "roller coaster"; one careless move can throw you off. Investments should prioritize "stability"; don't expect to get rich overnight. Diversification is key, as the old saying goes: "Don't put all your eggs in one basket."
In the long run, Bitcoin still has potential. But one must constantly remind oneself: investment carries risks, entering the market requires caution, operate steadily, and withdraw if things go wrong.
Moreover, as the year comes to a close, everyone should pay attention to their savings and not act impulsively, lest they regret it for life. Invest cautiously.#比特币战略储备 #加密市场反弹