Today’s market correction is revealed: four major reasons are exposed, and market turbulence is inevitable!
Today’s market correction is not accidental, but the result of a combination of factors:
Weak profitability of retail investors: The profitability of retail investors has dropped significantly this year. In the face of volatile market conditions, it has become normal to take profits after rising for several days.
All the good news from Powell’s speech has been digested: Powell’s remarks last Friday once boosted the market, but the related good news has been basically digested by the market and failed to continue to drive the rally.
Selling pressure in the Mentougou incident: The selling pressure of tens of thousands of BTC has exerted a strong suppression on the price of Bitcoin. When it is close to 65,000 US dollars, the market decline is almost inevitable.
Data and big investors wait and see: Big investors are worried about the rebound in inflation, which is why I have chosen to take profits recently. The influence of market data cannot be underestimated, and it is wise to operate with caution.
Follow Lao Chen, we will continue to track market dynamics, analyze the underlying reasons behind the market trends, and provide strong support for your investment decisions!
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