The Hidden Indicators of the Crypto World: Catch the Signals, Wealth is Within Reach!
The crypto world is ever-changing, and news is like gold. Understanding market signals is essential to stay ahead in this tide! I am Qiongqi, a senior analyst, and today I will explain the key factors affecting the crypto market in plain language.
The US dollar can be regarded as the invisible operator in the crypto world. When the dollar strengthens, funds are like being attracted by a magnet, fleeing to earn interest, leading to capital outflow in the cryptocurrency market and causing Bitcoin and altcoins to easily decline. Just like when the dollar strengthened before, Bitcoin plummeted, resulting in heavy losses for many investors, so it’s crucial to pay attention to the dollar.
The relationship between gold and Bitcoin is delicate. When gold falls below $1900, it’s like an alarm is sounded in the market, prompting a frenzy of capital withdrawal, and Bitcoin is likely to drop along with it, although $25,000 serves as a strong support for Bitcoin. Previously, when gold fell sharply, Bitcoin was also affected, but later rebounded due to positive news, so do not act blindly.
Silver is the 'little Zhuge Liang' of the new energy era. When silver surges to $25, it indicates an explosion in new energy and industrial demand, which benefits computing power cryptocurrencies like FIL and RNDR. FIL is used for decentralized storage and has a high demand for computing power, so silver's rise provides support for it; entering at this time may yield profits.
The Federal Reserve's interest rate hikes are like the sword of Damocles over the crypto world. If they announce further rate hikes, the crypto market is likely to crash. Experienced traders can open short contracts, but do not exceed 5x leverage; beginners should switch to stablecoins to earn interest.
Tether's printing press is the mysterious driving force in the crypto world. Issuing over 100 million USDT may trigger a short-term pump, so get in quickly; if the USDT over-the-counter premium drops below -2%, large funds are fleeing, so quickly exchange for U to save your life.
Market opportunities are fleeting; only by planning ahead can you catch the tail of wealth. If you want to know more insider information and trading techniques in the crypto world, hurry up and follow me to dig for gold together in the crypto space! $BTC