When will Bitcoin stop falling?

CN
2 hours ago

Once again, I take the opportunity to briefly talk to everyone. Many friends are concerned about Old Cui's recent status; Old Cui has not retired from the circle and is not as desperate as everyone thinks. Instead, he is handling some affairs that are unrelated to the cryptocurrency circle, and the name change is also to align with the future business of the company. The resistance in mainland China towards this sector is growing stronger, and Old Cui's business is more focused on overseas markets. This is a brief note to everyone and a return to the market conditions. Old Cui has been repeatedly mentioning that there are no new lows, and this time the downward trend has broken six thousand, consecutively setting a new yearly low for two days; the market has established itself. As long as everyone has not touched the contracts, there are almost no significant losses, which is also a reminder to everyone. It has been mentioned before that contracts can only be shorted, and there will always be friends looking to bottom-fish. Currently, the topic everyone's concerned about is simply the timing for bottom-fishing, and frankly speaking, the timing is far from adequate. Old Cui's usual approach is to operate on currencies that have already started, rather than fixating on absolute lows.


On the contrary, the most concerning event in the cryptocurrency circle for Old Cui is the recent operations of BN. Most friends have overlooked the correlation between BN and U.S. stocks amidst the decline. This cooperation directly involves U.S. stocks with BN, rather than the previous token benchmarking. Remember, this is about direct access by brokers, completely opposite to the RWA format. This chain, across any timeline, will see BNB experience a surge, and this surge has been completely absorbed by negative news. As for the arrival of the next bull market, there might be a wave of BNB's explosion, which everyone can keep an eye on. Regarding the current decline, the issues cannot solely be blamed on the sell-off by the giants; initially, Old Cui's thinking was also too limited. Looking at the financial market, it is almost a comprehensive downward environment, with gold, oil, and U.S. stocks showing no exception. What everyone should focus on now is the issue of capital flow; in reality, what kind of opportunity are the liquidated funds waiting for? The World Cup? Or the end of military conflicts?


From the perspective of gold prices, the ending of military conflict has indeed become a foregone conclusion, with news from Russia and Ukraine leaning towards peace, and the same goes for the U.S. and Iran. Thus, these war-related assets will naturally receive some cushioning. Coupled with domestic strategic guidance and the debt crisis in Japan and South Korea, there has been a certain degree of impact on the financial market. Large funds avoiding risks is a consistent practice; the Federal Reserve's changeover, the first speech by Waller, and the opening of the World Cup are all imminent. At this stage, going long is definitely not a good choice. If everyone still has certain thoughts about contracts, they must act in accordance with the trend and not think about bottom-fishing. Bottom fishing has always been a problem that spot users must face. If you still have a bottom-fishing mentality, you must wait to strategize after Waller's speech, as his speech will be a key turning point for the cryptocurrency circle's direction in the second half of the year. Before that, what everyone needs to do is wait and not enter lightly; spot can be bought at a slight bottom, but remember, do not go against the trend with contracts! Although the depth of the decline will not be too deep, the upward movement will also be weak!

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