The trend of Bitcoin in 2013 has given us confidence again. Just as we have been saying that Bitcoin has come out of the quagmire, with more and more interest rate cuts in the future, the bull market will eventually come.
The world has once again entered a large-scale water release cycle of monetary easing. With more and more interest rate cuts, liquidity will eventually come, and it will spill over to Bitcoin
Short-term selling pressure and correction.
The disappearance of the spot premium of Bitcoin has once again returned to the long-short game of futures contracts. The long-short game is a manifestation of insufficient liquidity. If liquidity is sufficient, the spot will continue to be premium.
This also confirms what we have been saying that although the interest rate cut has been started, the first interest rate cut will not bring liquidity, but more trading sentiment. The reason why the decline of Shanzhai the day before yesterday was so large is the best manifestation of insufficient liquidity.
The number of posts and discussion data of Bitcoin on Internet social media is declining, indicating that short-term attention is decreasing, which also means that new funds may not come in, and everyone is attracted by other investment markets.
Just like the recent domestic attention has been completely attracted by the surge in A-shares, this has weakened the attention of Bitcoin, and some funds have been transferred to the stock market.
The situation between Iran and Israel is unstable, and new conflicts may break out at any time. After all, Israel is a revengeful person, and it also said that Iran should pay the price, so a second wave of conflicts may break out.
This is the biggest short-term negative, which may hit our wallets again, causing wallets to shrink.
Facing the upcoming violent bull market, I plan to ambush some tokens that are ready to explode, and also find some potential coins to hold until the end of the year. Friends who like spot 👉 click on the avatar to follow me, and update the best information and spot contract strategy sharing in real time every day!
