Good morning, brothers 🌞🌞
The market has experienced severe fluctuations from last night to today.
Two reasons:
1. Moody's downgraded the U.S. credit rating from Aaa to Aa1 on Friday, bringing the rating of the world's largest economy below the top AAA.
2. At the same time, Trump proposed that many countries will no longer negotiate and will directly unilaterally set new tariff rates for trade partners, which is estimated to take effect in the next three weeks.
BTC's 4-hour MACD is at a low level, and coupled with recent institutional buying, there was a slight increase yesterday. However, yesterday the financial markets were closed, so it was not reflected in the market.
After the financial markets open today, the two major reasons from yesterday will start to take effect, leading to a downgrade of U.S. credit, an increase in U.S. bond yields, and negative impacts on cryptocurrency risk assets.
In response to the current market situation, are there any solutions? Allocate more BTC and less altcoins, so you won't have to worry about declines amidst volatility, and you won't miss out.
This week, the U.S. stock market will have significant fluctuations that will negatively affect the crypto market. If you don't buy BTC, there really isn't much to play with in this market, and not much to look forward to.
I still recommend everyone to allocate more BTC as a core asset for the future.
The altcoin season will have to wait until the Federal Reserve cuts interest rates, which is still a long way off. Then, with a small amount of funds, buy some meme coins on-chain.
