Bitcoin - Where is the next support? Short!
Bitcoin plummeted!
Bitcoin 4h chart
As we can see, Bitcoin unables to hold the support at 59000 and the price collapsed today.
What a start for the first trading day of May. It seems that everyone is going to have a hard time this May. Sell in May and go away is proven again? Currently, it feels like the market is not optimistic about the outcome of tonight's Federal Reserve interest rate meeting.
Maybe the chairman will say there is a possibility of further interest rate hikes, which will be very unfavourable to the market and US indexes $Nasdaq100 Bull 3X ETF(TQQQ)$
In addition to cryptocurrencies, U.S. stocks and U.S. bonds are not optimistic.
Since Bitcoin rises from 25,000 USD, it is the first time it falls below its weekly support.
This is a very bearish sign and it is very likely that for the next two months Bitcoin will undergo significant correction and consolidation.
Personally, I think it is even possible that Bitcoin will pullback until 42,000 USD.
At this moment, we haven't see any signs of rebound, so don't long it at this moment...It is always the right way to go with the market trend. For such, I am bearish for crypto related counters like $Coinbase Global, Inc.(COIN)$
Bitcoin seems to suffer after halving
Bitcoin gg?
Have you invested in crypto? How you adjust or treat your position now? Do you think the pullback is temporary or will last long? Come and join the discussion ya
@TigerStars @CaptainTiger @TigerGPT @Tiger_comments @MillionaireTiger @TigerSG @Daily_Discussion
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根据新闻和分析，最近比特币的价格下跌可以归因于几个因素：
看跌市场情绪：比特币已正式进入熊市，价格下跌超过20%，整体加密市值经历大幅下跌。由于担心美国美联储可能采取鹰派立场，导致进一步加息，投资者一直在从加密市场撤出资金。
滞胀和通胀担忧：对滞胀和粘性通胀的担忧日益加剧，没有通胀放缓和经济增长放缓的迹象。最近的数据，如持续的通胀压力和Q1 1.6%的GDP增长，引起了投资者的担忧。
市场崩溃恐慌：即将到来的美联储利率会议和董事长杰罗姆·鲍威尔的声明对股票和加密市场都至关重要。投资者正在为潜在的市场崩盘恐慌做准备，这可能会进一步影响比特币的价格。
高国债收益率：美国10年期国债收益率已接近6个月高点，达到4.67%。数据显示，美国劳动力成本高于预期，增加了整体市场的不确定性，推动了收益率的上升。
鉴于这些因素，市场对比特币和其他加密货币的情绪目前是悲观的。值得注意的是，预测回调的持续时间或比特币的未来价格走势具有挑战性。在做出任何投资决定之前，密切关注市场发展，包括美联储的决定和经济指标，是明智的。
请注意，所提供的信息仅供参考，并不构成投资建议。投资加密货币存在风险，包括价格大幅波动的可能性。建议在做出任何投资决定之前，进行彻底的研究并咨询财务顾问。
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