#BTC From the end of March to the middle of April, there are still many events and important data. This is just a part of them. At the same time, ETH will suspend the recharge of the entire network on April 13 to complete the Shanghai upgrade. My views have never changed. The following is a summary of eight views. You can check my previous tweets for reference. Some of them have detailed logical explanations and arguments.

1. The core of this year is to buy on dips and try not to short, so the first thing to do is to focus on spot trading. 2. Strictly manage positions and do risk control, and be able to move forward and backward freely in large-cycle transactions. 3. The technical trend of Bitcoin has been within the expectations of earlier technical analysis so far. 4. Due to many factors, Grayscale increased its positions and the bank's collapse as the focus, resulting in an increase in risk aversion. After the risk aversion funds overflowed to Crypto, BTC.D rose rapidly.

5. Due to the rapid rise of BTC.D, non-Bin did not rise at the same rate as BTC. Therefore, according to the historical market rules, funds may have rotation needs. It is believed that there is a certain probability that non-Bin will experience a compensatory rise. What needs to be emphasized here is that it is not certain.

6. This time, during the bear market, the price of Bitcoin has experienced such a large super V-shaped pull in a short period of time. It is the first time in history that such a large super V-shaped pull has occurred. We do not know when and why the incremental funds brought by risk aversion will leave the market. Once the incremental funds known at present leave the market, the game of existing funds in the market will inevitably amplify the volatility of the market in a short period of time. Before new incremental funds enter the market, it is difficult for prices to maintain a direction.

7. After entering 2023, we can clearly find through various information channels that geopolitical instability has become more uncertain than before. And the formulation of macroeconomic policies is also unpredictable. These factors will increase the extremely unstable fluctuations in Crypto's price performance.

8. The size of Crypto is almost insignificant in the global financial market, so we often find that it often wanders between the state of safe-haven assets and risky assets. It is difficult to have a clear definition of asset attributes. For example, this time it has risen along with the safe-haven asset gold, so this instability has also exacerbated its speculative attributes. Of course, as a believer in Crypto, I firmly believe in its value.

As mentioned above, this is probably my current understanding and view of the overall market. I welcome everyone to discuss and correct me. I hope that it will give you some room for thinking about your investment, and you will have more coping strategies as a trader. 🔚