From the moving average, Bitcoin's weekly ema20 has completely turned downwards, which is probably the logic of continuing to be bearish. Usually, it takes at least a period of time to turn downwards, and combined with the general economic environment, it may go for a period and then drop to more than 40,000. It may only be possible to go up after a large period of consolidation, or it may be possible only when something extremely positive from the fundamentals occurs. It is recommended that you just buy coins slowly in the next few months, and do not go all in at once or use leverage.
Now the interest rate inversion has just ended, and it is very easy to rise and fall sharply. It is expected that the economy will not improve until after the presidential election, but now is the beginning of interest rate cuts. The interest rate cuts started to accumulate strength for the bull market. When it reaches a certain level, the economy will also start to improve. This round of big bulls has just begun.
Because I currently have about 40,000 US dollars in positions, and the remaining positions are basically invested in scallop stablecoins for mining. It is also regarded as saving money. I won’t buy more coins for the time being. If there are big bulls, these positions are enough. You can make enough money, and if you want to go bearish, you can continue to make profits and avoid the risk of losing too much money.
The new funds will be used to balance stocks and bonds, and there are currently 10 long-term U.S. bond ETFs left (originally 20).
