The decline of the stock market when the government temporarily suspends operations can be explained: financial oversight is interrupted 📉, legislative processes are stalled 🏛️, and investor confidence is declining. However, the question worth asking is: what does this situation mean for the cryptocurrency sector?
💡 Cryptocurrency is fundamentally built on a decentralized platform - aiming to escape the control of the government and traditional financial systems, striving for fair distribution and creating value for the community. In the absence of government oversight, this should be an opportunity for crypto to prove its alternative role and affirm its independence.
⚖️ However, the reality of today's cryptocurrency market tends to fluctuate according to traditional political-economic events, even “reacting” to instabilities from the government. This seems to contradict the initial philosophy that Satoshi Nakamoto mentioned in the whitepaper.
🔍 If true to its original spirit, when the government shuts down, it should be the moment for crypto to explode, rather than becoming an asset that also suffers from downward pressure. This dependency raises a big question: Is the cryptocurrency market gradually losing its inherent decentralized identity, only to increasingly blend into the trajectory of traditional finance?
$BTC new update : Break ! Break ! Break !!!!! new update: #BTC successfully broke through the area of $114,000 with high volume candles, this is the support area for Long buying #BTC new update: #BTC is still breaking through the area of $114,400 if the volume breaks out
Today #BTC closing candles above $115,500 is a wonderful thing for the target of $118,000.
If not? Many members who just cut SHORT and switched to LONG will go down to the ground.
$BTC #BTC Hit Take Profit 1 -> Win 1R I was waiting for a SHORT move to 100k but it didn't happen. My forecast was wrong, but I won't stubbornly hold onto a SHORT until death, I adapt to the market rhythm.
A good trader is one who knows what they will lose when they are wrong and how much they will gain when they are right. No stubbornness, no intertwining negative trading psychology. Calmly reanalyze the trend.
Today I thank the BOT because it helped me turn around at the right moment. hahaha
1H Chart: Price is moving sideways in a healthy Consolidation Phase, building momentum before the next breakout. Support around 0.19 is holding strong.
1M Chart: Clear signal of a Breakout from the downtrend, with potential shift into a new Uptrend.
📈 If BB can break above the short-term downtrend line with volume, the next targets are 0.24 – 0.26, and higher towards 0.29 – 0.30.
💎 Overall, the market setup is positive – strong base in the short term, and long-term structure turning bullish.
✨ Opportunity for both short-term traders and long-term investors.