Good morning, brothers. BTC was close to a new high last night.
At 3 AM, suddenly a big bearish candle dropped by 3%,
then it continued to rise and recover lost ground,
today it has already broken a new high.
Congratulations to the brothers who are in the market.
Why the big rise?
We analyzed the reasons for you two weeks ago,
and at that time we said that the major events had yet to come, one of which was the "stablecoin legislation."
Yesterday morning's analysis also detailed the "stablecoin legislation."
If passed, it would mean the government recognizes stablecoins as compliant,
then various financial institutions will connect and issue their own stablecoins,
the number of users adopting stablecoins will increase,
which can be said to mean that the number of users in the crypto space is increasing,
they will have stablecoins,
could they directly buy various cryptocurrencies?
This could lead to a small bull market.
Actually, we've analyzed the reasoning for everyone,
whether to hold firmly depends on your own decision.
From the 19th until today, 20,000 BTC has flowed out of exchanges.
When to take profits?
Wait until the stablecoin legislation is passed, wait for various news reports,
especially from CCTV news,
wait until more people start speaking in various crypto groups,
some old brothers who previously exited the crypto space return,
every time it rises by $10,000, take 20% profit.
For example, if BTC rises above $120,000, take 20% profit.
Stablecoin legislation,
at the latest it will be passed by next Thursday,
the earliest it could be passed this week. $BTC
