Yes, about 3 weeks ago and 2 days ago, in my update message I mentioned that the first drop would occur at the 78,000 support level, which has now been broken. We'll see if it drops to 68,000, which I see as the main support level.
Open your trades in short positions, take profit when it becomes accessible, and then trade in short positions again. Also, watch out for meme coins!
I wish I were wrong, but unfortunately, the decline continues. The 78,000 and 68,000 levels stand out as critical levels for BTC.
The declines in BTC are having a significant psychological impact on other cryptocurrencies, causing them to show a further downward trend.
While cryptocurrencies like ETH, SOL, and BNB can't withstand this, it wouldn't be logical to expect other altcoins to perform well. Attention should be paid to sharp sell-offs in meme coins. In such situations, it seems logical for long-term investors to accumulate gradually as the price falls.
About 18 days ago, I wrote to you about my expectation of consolidation and a downward trend. Currently, the most logical approach seems to be opening and closing short positions.
What I have written is for informational purposes only and does not constitute investment advice.❗
I wish I were wrong, but unfortunately, the decline continues. The 78,000 and 68,000 levels stand out as critical levels for BTC.
The declines in BTC are having a significant psychological impact on other cryptocurrencies, causing them to show a further downward trend.
While cryptocurrencies like ETH, SOL, and BNB can't withstand this, it wouldn't be logical to expect other altcoins to perform well. Attention should be paid to sharp sell-offs in meme coins. In such situations, it seems logical for long-term investors to accumulate gradually as the price falls.
About 18 days ago, I wrote to you about my expectation of consolidation and a downward trend. Currently, the most logical approach seems to be opening and closing short positions.
What I have written is for informational purposes only and does not constitute investment advice.❗
Fed Move Could Send Bitcoin Soaring Summary Arthur Hayes suggested that the Fed could expand its information to support Japan's new and credit operations. We argue that such a move would not boost Bitcoin by increasing global dollar liquidity. The market is watching the Fed's foreign currency holdings in its financial resources as a critical indicator. Arthur Hayes argued that a potential shift in global monetary policy would create a strong bullish environment for Bitcoin and cryptocurrencies. The former BitMEX CEO suggested that the US Federal Reserve could expand its balance sheet to ease pressure on the Japanese yen and Japanese government bonds. In his analysis titled "Woomph," published on January 28th, Hayes stated that this process would create an indirect but effective increase in liquidity. The analysis focuses on how the Fed's potential actions could create a chain reaction in global markets.
Many articles have been published about Ethereum, and the general consensus is that Ethereum needs to part ways with Vitalik Buter.
In this case, even if the Ethereum price reaches $6,000, many articles suggest that different solutions will be necessary.
This isn't a decision made by him, but rather the general consensus that Vitalik Buter should leave Ethereum as a figurehead!
A written statement attributed to Vitalik Buter allegedly said, "Ethereum cannot succeed as long as I am here." This raises the question of whether specific decisions can be made and whether alternatives can be offered.
Who knows, maybe the reason Bitcoin is such a valuable asset isn't its supply, but rather this very fact.