Hey Binancers! (This post analysis valid for one week from now).
Why are you lucky!!
Please read and share your opinions on the topic!! Let’s discuss these facts.
Not biased or opinions just overview! Please DYOR and don’t get fooled by CT or influencers.
Why should take some profits and wait for another opportunity???
First of all as I mentioned before the price will go up as a correction from the massive sell ?? And to fill the CME gap 67000-67200$BTC .
But the downside hasn’t finished yet, WHY!!
1- Sell the news ( halving news). Afterwards the market starts moving up and Alts season begins.
2- Sooner there will be a reply to what happened on Saturday.
3- expects dollar index DXY index to go higher break 107 will affect both stock and crypto markets.
4- All support levels turned into resistance on 1D, 1W, 1M which sadly gives BTC a chance to visit below 60000.
5- I believe GBTC will accelerate selling their shares this week before halving.
6- Every 4 years when BTC halving events starts miners start selling huge amounts to guarantee a short term profits to start upgrading their equipments (to keep their annual profits fixed after halving their profits cuts to half)and paying salaries to avoid losses and bankruptcy.
7- you have to expect at least 10% outflow from ETFs when price goes down. It will not be always inflows. You have to see the other side. No one talks about this point because it can causes panic selling.
The positive side is LONG term analysis and historical analysis we are going to the moon 🚀🚀🚀🔥🔥
Don’t be biased ,get hyped or FOMO. Narrative is long term Bullish but it has been delayed regarding the recent events which may affect the USA economy and inflation.
Market will be volatile until halving done.
Short term bearish:
1/ the impact of the recent clashes and the USA escalation should be soon to avoid something like that happening again. ( which is impossible)
2/ sell the news effect should happen soon ( halving news)
3/ every halving year most of bitcoin miners are selling huge amounts of BTC. Check the history of post halving.
4/ If the bearish period continues and the market becomes boring we can expect out flow BTC from ETFs. ( it is just speculation but we should take it seriously)
The bull market will start again but it will be delayed regarding the recent events and the escalation happening USA and the world are moving every minute and they are escalating every hour.
In my opinion the inflation will continue raising this month and next month because of the recession that will happen because these events
The stock market will open Monday 9:30 am NYC time and definitely will show a negative reaction until further notice or see any positive progress (unknown when)
So DYOR and don’t follow any CT or influencers who are trying to convince you otherwise to support their bags.
Hey Binancers, Sadly I have read all the news to check any positive reports around these clashes. But It looks like it will take some time before any positive reports come out. So IN MY OPINION( not financial advice) I think it is better to be safe, cautious and trade safely. I think any highs soon will be better to cash out at least 50- 60% and wait for a good opportunity to buy again. I think once the market open on Monday 9:30 AM NYC time, the market will crash hard reacting to the recent news. It is better to be safe than sorry, and what doesn't kill you makes you stronger. Hope you all the best. $BTC $ETH $SOL