Current situation
(1) The market is afraid of the release of non-farm data on Friday, which brings fear
(2) The desire to buy the bottom is not strong, the price is unattractive, and there is not much stablecoin inflow into the exchange
(3) The US government is going to sell the price of BTC, which brings panic
Adding the fear of Asians getting up, at least 20% of people will sell their stocks, which will bring about a market crash
So a large volume of decline is needed
In the panic, there are also good news
Last night, two Fed officials said that there will be three interest rate cuts this year.
The god assist made gold celebrate all night and break through 2280 to a new high,
but BTC is still decadent
It shows that the current decline is irrational fear
If the market reaches the stage of irrational fear, it should be close to the bottom
By Friday, if it has fallen a lot, the non-farm and unemployment data will release negative news, and it will not fall much
If the non-farm and unemployment data on Friday release positive news, there will be a big reversal
What we need to do now is to wait for the panic to be released and be patient
Bottom-hunting needs to be done in batches, don't be anxious, wait a little longer, and beware of another drop
There must be bullets to prevent BTC from falling to $63,000