Just today, there are three major things to pay attention to, Bitcoin may crash! Dear friends, BTC is hovering at a high level right now. What are the three most critical things this month? Don’t just watch BTC rise happily. In fact, the rise may be over?
The first thing is that for the quarterly delivery of options today, a large wave of BTC and ETH options expired, worth about 15 billion. If they hit the market, the impact is huge. BTC is currently stuck at 70,000, and the short sellers are staring at this position. If they want to hit 50,000, they must use some means. Now it looks like 70,000 is quite stable, but by then, it might fall. This kind of options delivery makes novices panic, jump out of the car one after another, and then smash the market. We have to consider this possibility.
The second thing is that PCE data is released tonight, which is a big bomb. If the data is higher than expected, it will be negative, and BTC may lose $68,000. PCE is personal consumption expenditure, and the Fed takes it more seriously than anything else. Through this data, they can know how people are consuming and whether they are tight or not. More importantly, there is also a price index in the PCE, which can tell whether people's costs of food, clothing, housing and transportation are rising or falling. For the Federal Reserve, controlling inflation or employment is a big deal.
The third thing is that Fed Chairman Powell will speak tonight. If he still insists on cutting interest rates three times this year, BTC can still rise. But if his attitude changes, U.S. stocks and BTC will fall like dogs, and you have to run away quickly at that time. The situation is changing now, so don’t think about stud. The risks outweigh the opportunities. We have to reduce our positions appropriately to resist risks. I recommend a position of 60-70%. When it comes to investing, you have to be flexible, learn to look at the direction of the wind, and go with the flow. Don’t forget, the only constant is change itself!
If it rises sharply tonight, it will inevitably fall sharply tomorrow
If it falls tonight, it will break a new high tomorrow. You can enter the market bch, sui, uni
Well, the article ends here. The bull market in the cryptocurrency market has entered its golden stage. I will arrange 100x coins in advance in a small circle. Friends who want to join the circle, click on the avatar to read the entry method. Welcome to like, collect, forward, comment, and leave a message
