2024.4.12 Macro Analysis

Good morning, brothers. Let's take a look at the current situation.

From the on-chain data, there are two major trends

(1) The amount of BTC flowing into exchanges has decreased

(2) For the past week, there has been no large-scale inflow of stablecoins for bargain hunting

This shows that at this price, both BTC and altcoins are not attractive, but the power that was previously intended to smash the market for BTC has been almost digested. Recently, a once-in-a-century spectacle has appeared, that is, gold and the US dollar have risen together. The US dollar and gold have always been negatively correlated, but the tense situation between Russia VS Ukraine, Iran VS Israel, and North Korea VS South Korea has caused gold to break through the constraints and rise sharply.

Every time BTC plummets, there is a force to support it. It may be that the impending international situation has caused BTC, as a risky asset, to migrate to the path of digital gold. If this wave of BTC can continue to surge after the halving, then the world's impression will be completely reversed, and the transformation of BTC from a risky asset to digital gold will be confirmed. This wave of BTC breaking the previous high is a high probability event, and 80,000 is expected, but the problem is that whether BTC plummets or rises, there are risks in the copycat.

BTC challenges the previous high + the end of halving, and there will be violent market fluctuations. Recently, AKRM and SUSHI project parties have chosen to sell coins crazily. Unless there is a sharp drop, it is suitable to buy a lot.

Coins that can also be bought: ONDO, PIXEL, ALT These coins have a common feature, anti-fall, small retracement! #比特币减半 #ETH🔥🔥🔥