Bitcoin Eagle 🦅 4.24 Precise Market Analysis

Good morning, brothers. Yesterday, a big bullish candle changed our beliefs.

Many brothers have changed their views and started to inject more capital to continue the push.

Is this appropriate? How will the market move next?

First of all, gold seems to have stopped rising.

The target price of $3500 we mentioned last week has been hit precisely.

After hitting $3500, gold entered a phase of significant volatility.

According to our previous analysis, the bullish trend in gold is nearing its end.

Some funds and attention will flow into BTC, bringing positive news.

Various signs indicate that

sovereign wealth funds and listed companies, along with American elites, are increasing their BTC holdings through ETFs and the spot market,

while retail investors are selling BTC.

Currently, countries like El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves.

More details on the U.S. BTC strategic reserves will emerge in May, bringing positive news.

Some state governments in the U.S. are also pushing related legislation, and they may not start buying this year,

but many states will begin to purchase BTC next year.

From on-chain data, BTC has been flowing out of exchanges from yesterday to today,

but stablecoins are also flowing out.

Altcoins are still risky; if BTC corrects, altcoins may suffer damage.

Therefore, we advise everyone not to chase after some skyrocketing meme coins.

Instead, consider shorting.

Currently, we recommend holding over 50% of your position in BTC,

and altcoin positions should not exceed 30%.

Just be patient and hold on, and wait for the rise!

Brothers who haven't gotten in should not buy all at once.

Be cautious of corrections and consider buying in batches daily.