After Trump nominated Waller as Federal Reserve Chair, the crypto market experienced a bloodbath with increased uncertainty. Structurally, the trend should be consolidating at the bottom, but panic has not subsided. BTC undergoes deep shakeouts with massive volatility, while altcoins continue to collapse.
Currently, only BTC is holding steady; funds are selling off altcoins and flowing back into BTC to hedge risks. Ultimately, the only thing that will stabilize the crypto market is still BTC.
Trading idea: Focus on buy opportunities when BTC breaks down and spikes
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#BTC Main Force Rhythm Update
After Trump nominated Waller as Federal Reserve Chair, the crypto market experienced a bloodbath with increased uncertainty.
Structurally, the trend should be consolidating at the bottom, but panic has not subsided. BTC undergoes deep shakeouts with massive volatility, while altcoins continue to collapse.
Currently, only BTC is holding steady; funds are selling off altcoins and flowing back into BTC to hedge risks. Ultimately, the only thing that will stabilize the crypto market is still BTC.
Trading idea: Focus on buy opportunities when BTC breaks down and spikes