Recent reports indicate that
Goldman Sachs
It is expected that stock sales may reach up to $80 billion over the coming weeks due to:
โซ๏ธ Decrease in liquidity
โซ๏ธ Increase in the fear index
โซ๏ธ Automated selling from CTA funds
โซ๏ธ Strong fluctuations in the U.S. markets
โ ๏ธ Historicallyโฆ when this happens: selling is not limited to stocks only
but extends to: #Bitcoin #Gold #Crypto
๐ What does this mean for Bitcoin?
BTC has become more correlated with stocks than ever:
๐ Stock drop = Selling pressure on crypto
๐ Improved liquidity = strong and rapid bounce
Currently: ๐ป Weekly RSI near oversold areas
๐ป Strong support levels nearby
๐ป High likelihood of a bounce before any new drop
๐ฏ Possible scenarios
๐ข Positive scenario (most likely)
Bounce from support โ Recovery wave 10โ20%
๐ด Negative scenario
Support break โ Quick liquidation โ Final drop โ Then buy bottom
๐ก Smart trading plan
โ Gradual entry (DCA)
โ Hold cash
โ Do not use high leverage
โ Take advantage of panic to buy, not the opposite
The market now = high volatility + greater opportunities
Patience is more important than speed โณ
