In fact, there have been various signals indicating that Coinbase CEO Brian Armstrong's abnormal behavior

Since the SEC has confirmed that altcoins like Solana, Cardano, Matic, BNB, BUSD, SOL, ADA, MATIC, etc. are securities, this means that when exchanges like Coinbase or Binance are forced to delist their coins, most Americans will have no choice but to exchange their altcoins for BTC.

This was published by brian_armstrong in 2015. The general idea was that altcoins cannot compete with BTC at all, and we should focus on BTC and its sidechains. But later this tweet was deleted...

Even after that, he started to hype up some altcoin that clearly made users lose money, but of course he made money, and then bought himself a building for $130 million.

Later, Coinbase even wanted to provide interest-bearing financial products to US users, but was blocked by the SEC, which has since begun to conduct in-depth investigations into the currencies they listed.

What’s even more amazing is that he suddenly started to promote BTC. When someone mentioned the US debt problem, he said that he was bullish on Bitcoin and that countries should adopt it as a currency.

Brian may have changed his style for two reasons:

1) The SEC will say that all cryptocurrencies other than Bitcoin are securities

2) BlackRock and CoinBase partner to provide Bitcoin exposure to its clients

So back to the beginning, when exchanges like Coinbase or Binance are forced to delist, most Americans have no choice but to exchange their altcoins for $BTC

Therefore, the short-term negative impact will be good for BTC, and the market will once again

Let’s talk about the following market:

The rebound did not break 29000, which is considered a rebound, not a reversal. The decline did not fall below 25200. The position near the 200-week line is very strong. The closing price did not fall below it, which is still a volatile market. The support is near 25200, and the pressure is near 29000.

The future market will most likely continue to fluctuate widely within this range!

Ethereum is just supported by the 120-day moving average, around 1775, and has been very strong.

For small currencies as a whole, what needs to be done for a rebound is to slightly reduce the positions that were previously held if the positions are large.

It is better not to buy on rebound in the short term. Just buy on it after a decline. You don't need to look at the price but the timing. This kind of bearish decline is a good timing. Staring at the price will be painful.

In addition, I would like to emphasize again that from a macro-cycle perspective, before the halving, it is a good time to make arrangements. If you can make a fixed investment every month, then do so. When the amount of funds is not large, it is key to increase the amount first.