Honestly, all this dip is just prep for the World Cup; funds are pulling back, killing contracts, and the funding rates are still positive. Retail traders and whales will never run out of the bottom to buy. The World Cup is happening over in the US today, and the gamblers are out. The big players will still be harvesting funds back, and both retail and whales are going to get slaughtered. A drop of over 10,000 points in a week is just normal. Right now, the only thing to do is to take some small rebounds and not let your view get so low that even your parents wouldn’t recognize it. During this time, everyone can catch the World Cup and go out to have some fun. Once the World Cup kicks off, that’s when the crypto market will start to recover. The panic level still hasn’t hit expectations. In the Middle East, they’re talking peace while still fighting – to sum it up, Trump’s just a liar. As the saying goes in China, a dog can be managed for three days after a beating, but Trump slaps and then forgets all about it. The panic level is still high, and the only option is to watch more and act less. Next, we’re looking at the World Cup semi-finals: France vs. Brazil, Spain vs. Argentina, and in the finals, watch out for France vs. Spain.
Now, the biggest issues we’re facing are a few. First off, MicroStrategy’s idiot founder is trying to sell Bitcoin, which shakes the very foundation – it’s like Satoshi selling a few Bitcoins. If Satoshi sold a bunch, the market would drop to zero. The belief would vanish, so all this stuff is worthless. You think crypto has value just because of its price; it’s all the capital narrative behind it that makes you think it’s valuable. To sum it up, it’s about harvesting retail traders, and ultimately, the funds flow back into the US stock market, especially after the US stole Bitcoin from Iran. Now, let’s talk about Ethereum. Even though the founder, Vitalik, has been promoting other coins, many people from the Ethereum Foundation have left, which is a good thing. This could let US consortiums get involved, and in the future, Ethereum might still rise up. Even saying Ethereum is in a tough spot, that doesn’t mean it’s over. Long-term supporter Tom Lee has been buying from around 4000 down to about 1700, even though he’s down over 8 billion. Others didn’t sell, and once the bull comes back to 6000, they’ll make it back and still earn from staking. Now we just need to see if this guy can keep buying and holding. If he tries to sell like MicroStrategy, the market will definitely crash. MicroStrategy’s average cost is above 75000, while Tom Lee’s cost is above 3000. Others aren’t scared, so why should you be? Long-term, just be patient and focus on spot trading; steer clear of contracts lately! $BTC
Now, the biggest issues we’re facing are a few. First off, MicroStrategy’s idiot founder is trying to sell Bitcoin, which shakes the very foundation – it’s like Satoshi selling a few Bitcoins. If Satoshi sold a bunch, the market would drop to zero. The belief would vanish, so all this stuff is worthless. You think crypto has value just because of its price; it’s all the capital narrative behind it that makes you think it’s valuable. To sum it up, it’s about harvesting retail traders, and ultimately, the funds flow back into the US stock market, especially after the US stole Bitcoin from Iran. Now, let’s talk about Ethereum. Even though the founder, Vitalik, has been promoting other coins, many people from the Ethereum Foundation have left, which is a good thing. This could let US consortiums get involved, and in the future, Ethereum might still rise up. Even saying Ethereum is in a tough spot, that doesn’t mean it’s over. Long-term supporter Tom Lee has been buying from around 4000 down to about 1700, even though he’s down over 8 billion. Others didn’t sell, and once the bull comes back to 6000, they’ll make it back and still earn from staking. Now we just need to see if this guy can keep buying and holding. If he tries to sell like MicroStrategy, the market will definitely crash. MicroStrategy’s average cost is above 75000, while Tom Lee’s cost is above 3000. Others aren’t scared, so why should you be? Long-term, just be patient and focus on spot trading; steer clear of contracts lately! $BTC