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$BTC The pending settlement data for both bulls and bears is continuously accumulating. Currently, I prefer to stay on the sidelines, wait and see, and let the market further ferment; no need to stir things up for now.
Mainly for four reasons:
1. The Federal Reserve has not truly loosened monetary policy;
2. U.S. inflation rate still shows no signs of decline;
3. Crude oil prices remain high;
4. The U.S.-Iran conflict has not fully concluded.
Under such a series of bearish backgrounds, the Nasdaq continues to hit new highs, which is an abnormal market performance.
Xiao Qing plans to stabilize first!
#BTC #Bitcoin