Currently, the market is difficult for most people to understand. Every drop and pullback is without volume, mainly to induce shorts. Daily FET is experiencing net inflows, and the whales are continuously buying. We are also at the convergence of the weekly golden cross, so what reason is there for a significant drop?

This month, I still expect it to be above 70,000. The subsequent market will definitely first let Bitcoin break the previous high of 74,000, and then we will see the altcoin market start to rotate; every coin will rise, leading to collective FOMO.

Does gold's potential drop have anything to do with the crypto market?

It definitely does. More than 90% of people won't buy Bitcoin; only when altcoins take off will everyone FOMO, leading to continuous dissemination and market heat, informing friends and family to buy in. This is the premise for the whales to harvest big.

Gold is not likely to drop now; if it does, it may be until next year. It is related to the ongoing war between Russia and Ukraine. As long as the fighting continues, it will keep rising. Once it ends, there will definitely be a correction, but it’s not too closely related.

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