If the economy is to remain strong in 2024-2025, it is unlikely that the stock market will continue to be bullish. Given that every global crisis since 2008 has been covered up by the Fed through monetary easing, the market also speculates that the final result will be a rate cut by the Fed. The difference is that if an "unprecedented" financial crisis occurs this time, the scale will be large, and the Fed may also release money "unprecedentedly"
Now I don't know if the Fed will start flooding the market with money when there are signs of a crisis, or if it will raise interest rates to bring the world down and then lower interest rates to allow the dollar to buy global assets at the bottom as before.
In either case, the Fed needs to release a lot of money, and the scale of this release will not be small, so it may be considered that there are funds allocated to crypto assets such as BTC to see the long-term trend.
BTC has been fluctuating sideways for more than a week and has come to the lower edge of the fluctuation zone. There is a possibility of a breakout and further correction in the short term. If there is a correction, buy it when the opportunity arises. The bull market is here. Don't trade in waves or short. Just wait for the opportunity to buy or add to your position. Even if the price drops after you buy, you won't be trapped for long.
From the 8h level K-line, BTC is near the lower edge again, and there is a possibility of breaking. Some small coins have already broken.
SOL also broke the head and shoulders bottom
Ordi rectangular range breaks down
If there is a pullback in the near future, seize the buying opportunity
If the U.S. stock market falls back as a whole, it will also drive the price of BTC down. After all, while BTC enjoys the advantage of the liquidity of the U.S. stock market, it is difficult to escape the overall trend of the U.S. stock market and remain immune.
The risk reminder here is not to call on everyone to short, but to seize the opportunity to open a position in the face of possible declines.
Let me talk about the current situation of the entire market.
Now the whole market is going in a daze. The market is strong, surprisingly strong. However, the market that breaks through 52,000, the more it goes up without a big correction, the more I feel uneasy. The main reasons are:
1: Always remember that in our circle, only 10% of the people can make money from 90% of the people. And with the current rising market, how can 10% of the people make money from 90% of the people without the support of interest rate cuts, money scattering, and unlimited money printing? My personal guess is that the market will rise, rise, and rise again, until you doubt your life and make up your mind not to miss the opportunity even if you are trapped. Only then can you who chase high prices resist the subsequent market crashes, crashes, and crashes. Otherwise, if everyone runs away as soon as the market crashes, how can the 10% of people sell their goods?
2: There is no market that keeps rising, nor does there exist a market that keeps falling. Even if it is so hard that it can only fall back to the 43,000-45,000 range, it will still fall back to accumulate momentum.
In summary, I personally think that the current position of Bitcoin, whether technically or macro-economically, requires a correction. As I said, even if it falls back to the 43,000-45,000 range, it needs to fall back and accumulate momentum. The probability of it flying up from the spot is not high.
Today's sharing ends here. Thank you very much for taking the time to read this article in your busy schedule. I hope the article is helpful to you. You can follow me and leave me comments to communicate with me.
