Hello everyone, here is a quick market update for you all. ☕️
1. Current situation of Bitcoin $BTC
Bitcoin just had a slight increase but the trading volume is quite low. Currently, the price is still moving sideways in the range of $65,000 - $75,000.
Forecast: This "naptime" phase may last until around April 25th.
Advice: Don't panic too much when you see candles suddenly bouncing up and down (pump-dump). These are just corrections within a narrow range.
2. The law of 'The longer it compresses, the stronger it rebounds'
Usually, when the market lacks liquidity and remains sideways for a long time, it is a sign of a strong volatility event coming soon. The actual recovery phase is likely to begin at the end of April.
3. Macroscopic view: Cash is king
In the context of high oil prices and interest rates, the economic pressure is real.
Strategy: Keeping some cash (cashout) at this time is very important. With money in hand, you can take the initiative to buy more assets at a 'bargain' price when the new cycle starts.
4. Investor mindset
This is the filtering stage:
Don't speculate: Don't try to profit from short-term fluctuations and then get swept out.
Invest: Look at the long-term picture. This is the time to accumulate good positions instead of risking jumping in and out.
💬 What do you think about the date 25/4? Will BTC break out or does it need more time to 'gain momentum'? Share your thoughts below!
