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Fut56
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๐ฐ Bitdeer added 38 $BTC to its holdings, now totaling 1,675.9 $BTC . #News #CryptoNewss
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See my returns and portfolio breakdown. Follow for investment tips๐ญ๐ญ
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See my returns and portfolio breakdown. Follow for investment tips
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Crypto Market Update Since my last market update, I stated that I expected a potential breakdown to 112k and that's where I would start my major DCAing, of which, 108-110k is the lowest I expect we'll go. I'm still looking for us to bottom near August 8th-9th for a few reasons: - Fed Governor Kugler is resigning August 8th which will give Trump the opportunity to shape the central bank (this will cause a nice catalyst afterwards) - Total 24h liquidations rose over 1B yesterday. Anyone who watches my streams knows that the market usually bottoms within 1-3 days after this event. We could still have another flush, but the bottom is close. - August was also historically bullish in 2017 and 2020 (both years that we've been emulating fairly well) - We also had a similar crash in August 2024 due to the Japan carry-trade unwinding (on Aug 5th), before having a massive pump on August 8th - The next Full Moon is August 9th (historically bullish) - August 8th is also a major player in numerology (8/8), a period of heightened energy for manifestation and spiritual growth As you can see, there are a lot of reasons why we're set to pump around the Aug 8th date (+- a few days). Use this information to exercise patience and only DCA at major support levels on the daily/weekly timeframes: - BTC (112k, 110k, 108k) - ETH (3270, 3050, 2930) - SOL (165, 153, 143) During max fear, people always act irrationally and give extreme targets to the downside. All you need to do is set your limit orders and touch grass. The market will continue to chop for a few more days (especially since it's the weekend), so there's no reason to rush into anything if you don't have to. Let prices come to you, DCA, and maintain low leverage (no more than 5x). Like everything else, this too, shall pass
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