Bitcoin Eagle 🦅 4.23 Accurate Market Analysis
Good morning, brothers. A strong bullish candlestick has completely changed the sentiment.
Even those who have been saying that BTC will drop to 60,000 have come to privately ask: Can we still get in now?
Despite emphasizing the need to position ourselves and not to sell at the bottom,
some brothers are still making contrary moves.
With this significant rise,
it is advised that those who are out wait for a few points of pullback before getting in,
otherwise, you might chase in only to see a pullback, unable to hold and forced to sell at a loss again as it starts to rise.
Unless you know the trend and can hold for the long term.
For this major rise, several factors:
(1) Whales continue to accumulate, and there is a supply shortage of BTC on exchanges.
Over 15,000 BTC flowed out of exchanges last week.
On Monday and Tuesday, ETFs invested 1 billion USD to buy the dip in BTC.
(2) Trump stated yesterday that he has no plans to fire Powell.
This eased market panic, leading to a significant rise in both BTC and US stocks.
(3) Major developments in the Russia-Ukraine situation! Reports say that Putin is willing to negotiate with Trump for a ceasefire, with Crimea becoming a bargaining chip.
If the war ceases, it will be beneficial for risk assets like BTC.
The advice for everyone now is to remain patient and not to be impulsive.
