THE DECLINES THAT MAY COME IN THIS MONTH AND THE COMING MONTHS ARE NOW ONLY BUYING OPPORTUNITIES, WHY?
Greetings friends, as you all know, I have been selling most of my portfolio since the beginning of April. I turned the declines into opportunities with the profit sales we had previously sold and used them to increase our assets.
After the 56k drop, I am 100% into the market.
While taking this step, I will share with you the technical and basic parts of why I did it.
Since I do not trade with debt and stay in spot, I can take risks. It will be a buying opportunity for me if the market sees a further bottom in the short term. And missing the possible rises in this period will hurt more than not seeing the declines.
1-Economic data from the USA shows that the Fed's hands are tight, their excuses are exhausted and they will have to reduce interest rates within the year.
2-With the opening of ETFs on the Chinese side, bitcoin purchases made by large companies are now seen as state reserves. There are no ordinary people in the market yet, and if large companies in opposing countries make sales, they will provide the opportunity for the other country's reserves to increase. In short, before the price falls, it is necessary to create fomo in order to take money from people like you and me. In these decreases, investors who are sufficiently afraid are pushed to sell and long transactions are liquidated. (You can observe this from the asset charts of whales and small investors.)
3- In order to clear the accumulated short positions after the weekly close at 64,500, the price must be increased in May by keeping it at 72k levels if at all, and even at 84k levels if possible. I'm sorry that the altcoin bull is not coming this month. However, most altcoins may see prices around 70k again.