This week can be called the standard hell week for the crypto market, no need to say more, news bombarding hits coming one after another! Non-farm payroll data, inflation figures, Federal Reserve officials' speeches, and Japanese interest rate decisions—all packed together, clearly aiming to "take down" the market hard. To give a direct conclusion, the only keyword this week is "short"! Don't think about bottom fishing, and don't catch those flying knives. Unless there's a big needle, absolutely no long positions. I analyzed Japan's rate hike last week; since last year, every time the Bank of Japan raises rates, Bitcoin drops at least twenty points from the start. In March, July, and January this year, the declines have been more severe each time. Don't talk about market expectations; if everyone truly expected it, why would the drops be so fierce every time? Expectations are just a placebo for retail investors; the real sell-off always happens after the shoe drops. Bitcoin already broke below 88K this morning, with obvious signs of funds fleeing early. When non-farm payroll, inflation, and US stocks resonate together, the scene is unimaginable. The weekend's fluctuations are just small disturbances; liquidity is poor, and the needle insertions are illusions. The Bitcoin circle still has no clear narrative, just a shadow of tech stocks. When the US stock market changes face, Bitcoin is the first to kneel. This week, stay out of the market to stay safe!

BTC-0.69%
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