The entire crypto market is pumping non-stop š
Will this pump continue or will the market drop again? Let me share my opinionā¦
First of allā¦
1. The Iran-Israel war looks like itās starting again. Yesterday there was news circulating that Iran attacked UAE again where American bases are located. So this is the main situation that can affect the market right now.
2. Powell disaster Trump posted and said Powell was not cutting interest rates, which was causing huge losses to the American economy. Now Powell has resigned and Kevin Warsh has become the new Fed Chair.
3. Kevin Warsh is getting the same hype from crypto bros that Trump got 2 years ago. From my experience in financial markets, whatever retailers expect usually happens the opposite. So according to my experience, this can prove to be quite bad for the crypto market.
Simple & clear right now if you are in profit from this pump, then do profit booking. The market will take a pullback again.
Itās not going to suddenly go to 100k$+ $BTC without any news. Looking at the current situation, I am clearly expecting another dumpā¦
#crypto #KevinWarsh #Powell #IranIsraelConflict #USAndIranTradeShotInTheStraitOfHormuz