Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/9850662513
Good evening,everyone! I am your Da Bin teacher!
I guess many friends are asking why the price of BTC has fallen, even though it hasn't dropped much. In fact, this time it was not just BTC that fell. At the same time, the US stock market also experienced a decline, and the reason for the decline is likely to be the escalation of geopolitical conflicts. The US Embassy in Iraq is preparing to evacuate, and the US State Department has authorized non essential personnel and their families to leave Bahrain and Kuwait. The decline in the US stock market was due to the potential geopolitical risk escalation signal released by the Middle East withdrawal, which triggered global investors to reassess the market safety margin and inflation path, and thus began to reduce their holdings of risky assets. However, from the current situation, both the decline in US stocks and cryptocurrencies is not severe. Similarly, during the withdrawal of troops from Kabul, Afghanistan in 2021, US stocks also experienced short-term declines due to geopolitical turmoil. So overall, the current geopolitical conflict has limited impact on the US stock market and cryptocurrency, and it remains to be seen whether the war will continue to escalate. The main game at present is still on US China trade and the Federal Reserve's monetary policy.
In addition, we talked about the mutual restriction between Trump and Musk in the weekly newspaper today. As a result, Musk publicly apologized to Trump this afternoon, and Trump was also happy to accept it. However, the relationship between Trump and Trump is difficult to return to the past, and it is highly likely that the current interest binding is the reason. Tonight, it was suddenly reported that DeFi Development (formerly known as Janover) withdrew its $1 billion fundraising due to not being included in the management's internal control report in the 10-K filing. This platform company, which originally focused on commercial real estate loan mergers, transformed into blockchain and claimed to purchase $1 billion worth of SOL to imitate MSTR as a strategic reserve. After the news was announced, its stock price surged. And this withdrawal is probably not going to look good after tomorrow's opening. This situation is likely to occur in the future. Recently, as long as traditional enterprises transition to cryptocurrencies and purchase high consensus cryptocurrencies as reserves, stocks will soar. It is uncertain whether the company entity will arbitrage from this, but this pattern may become more and more prevalent in the future.
Looking back at the data of BTC, today's turnover continues to decrease, and short-term investors are gradually reducing their holdings, but the impact is not significant. Even if there is a geopolitical conflict leading to a decline in the risk market today, there is no panic. Since then, BTC investors' emotions have been very stable. From the supporting data, the range of $93000 to $98000 remains the most stable position, and investors in this position are reducing their holdings less and less, leaving behind mostly long-term holders. As long as these long-term holders do not panic, even if the price of BTC falls, the magnitude will be limited.
Operation suggestion:
BTC 108000 long. First target: 109500. Second target: 110500
ETH 2730 long. First target: 2790. Second target: 2860
Join the language community communication group to obtain more services
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system-
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance.
Tencent Meeting Live: 985-066-2513
DingTalk Group Number: 120320009032
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
