A few words about this decline:
1. If every halving requires a black swan, then Japan’s interest rate hike is definitely the trigger for this round of black swans. We should also pay close attention to the Federal Reserve's interest rate decision in the early morning of the 21st. Powell's speech is best if it is indifferent, but if it is slightly negative, it may continue to trigger a chain reaction!
2. The decline of Bitcoin and Ethereum may not have bottomed out yet! The support level of the pie is 59000, 55000, 53000.
3. The spring of altcoins has not yet arrived. The main reason is still the problem of insufficient capital liquidity. In the past year, altcoins could only survive from the overflow funds from Bitcoin’s short-lived rise, and the average price of altcoins was less than 20% of the previous high.
4. With the expectations of halving and interest rate cuts, it can still be judged that Bitcoin is still in the bull market stage based on the current trend. The intensity of this decline determines the height of the entire bull market's rise.
5. In this adjustment, almost all long contracts will be wiped out, and the assets of spot holders will also withdraw significantly. Clearing long positions and profit taking is an important purpose of this adjustment.
6. Adhere to the idea of spot and long-term currency holding, and buy big when there is a big drop, especially looking for the best buying point in the panic market of flash crash. Making the greediest decisions at the most panicked moment is a surefire way to win in the bull market.
★Pay attention to new strategies and don’t get lost in investing!
