Will it still plummet? Let's analyze this through a few questions
(1) What was the reason for last night's big rise and subsequent big drop?
At first, it was reported that the EU was bringing Ukraine to sign a peace agreement and negotiate with Russia, which led to a big rise.
It was reported that Chuanzi imposed a 155% tariff on China
Chuanzi also said that negotiating with Putin is futile and unnecessary, so there was a big drop
(2) Stop the nonsense, is it going up or down from here?
Although there is a big thunder like Trump, from the perspective of holding costs,
The profit-taking on BTC is not much, and the current cost of BTC is appropriate
The probability of an increase is greater than the probability of a decrease
(3) What to pay attention to recently
Focus on two points,
1. The CPI data released on Friday
2. When will the U.S. government reopen?
The Department of Labor is not working, and everyone is skeptical about the CPI data released on Friday
The current market risk is concentrated on the lack of credible economic data, with high uncertainty
That's why BTC has been unable to rise
(4) When will the market improve?
Just experienced the biggest drop in the cryptocurrency market in the past 10 years, many people have lost everything
People's confidence needs to be restored, and their funds need to continue to be injected.
Whether it's using salary to inject funds or borrowing money to inject funds,
It all takes time, at least starting from 1 month, estimated to be around mid-November.
(5) Will BTC crash?
It is difficult to crash, the current bottom is very solid, near the cost line of whales and big capital
In this round of decline, the whales are still accumulating
(6) Can we bottom fish, and what to bottom fish?
It can be bottom fished, you can invest a little every day, and accumulate in batches
However, we must accept the possibility that the price may continue to fall after bottom fishing, which is unavoidable
No one can catch the final bottom
Prioritize bottom fishing BTC
(7) Will there be a bull market again?
There will not be a comprehensive bull market.
BTC may have a bull market, but altcoins will not have a bull market, nor will there be any altcoin season
(8) What is the biggest risk right now?
This has been mentioned before, it's about Chuanzi
It may exacerbate international conflicts and strengthen the trade war.
In addition, millions of people in the U.S. are protesting against him, which will threaten his rule.
Moreover, the U.S. government has been closed for nearly 3 weeks, and there is still no solution. The infighting between Trump and the Democrats is intense, leading to some negative news.
Trump is vigorously corrupting in the cryptocurrency market, with his family launching coins, causing a huge uproar
Although the Department of Justice will not prosecute the sitting president, this lays the groundwork for future crashes in the cryptocurrency market.
Trump's downfall, assassination, or prosecution after leaving office will threaten policies that are favorable to the cryptocurrency market, leading to instability and a downturn in the market.
