First of all, I wish all my friends a happy Pizza Festival. Whether or not you eat pizza is not important; what matters is the understanding of the feelings towards holding Bitcoin. It is precisely because of a day like this that I am always reminded to try not to sell my $BTC. I have done just that, from the first time I bought Bitcoin until now, I have never sold it. This might be my most stubborn thought; of course, this may not be correct, considering I have been through several roller coasters.
But if I had been afraid of the roller coaster from the beginning and chose to sell, I really don't know if I would still have this Bitcoin now. I might have been washed out at some point. Having a bit of faith is a good thing, after all.
Today has been quite the roller coaster, with the issues between the United States and Iran putting extreme pressure on us. The Strait of Hormuz has still not fully opened up. However, I heard that the United States and Iran have reached an agreement, and in a few hours, the final results will be announced. After this information came out, the price of WTI has already dropped below $97, and the market still chose to believe it.
I hope this time it’s true. Earlier, I also saw some data indicating that the American public is now very dissatisfied with Trump. The inexplicable attacks on Iran have led to rising inflation in the United States, and the data also shows that support rates for Trump are declining, which must be very difficult for Trump, who is eager to accomplish big things, especially with less than half a year until the midterm elections.
Looking at the Bitcoin data, I always stick to my judgment. Currently, the price of $BTC still depends on the performance of the U.S. stock market, which in turn is influenced by the U.S. economy; political attitudes determine this. So if many people think that Bitcoin can reach $60,000 or even lower prices, it means that the U.S. stock market will also have a significant pullback.
At least from the current data, BTC is still very healthy. More investors are leaning towards long-term holding, while short-term trading investors are decreasing.
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