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US stocks plummeted, BTC rose against the trend: Is the crypto market facing a golden opportunity?

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东晨
04-05
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Yesterday, the US stock market plummeted sharply, with the S&P 500 falling across the board and the Dow Jones dropping below 38,000 points. Economists say that the stock market is a barometer of a country's economy, and US stocks are a barometer of the global economy. Such a significant drop in US stocks indicates that it won't be easy for the global economy to improve.

After the US stock market's sharp decline, the focus may shift to the cryptocurrency market. Yesterday, Bitcoin's trend began to decouple from US stocks, and it even slightly increased during the stock market's massive drop, suggesting that the market has reached a point where it can't fall further. If it continues to drop, market makers won't want to see this result, as they've worked hard to pull the price to this level and won't easily let it fall back.

In the current environment, with unstable US stocks and numerous negative news, it's difficult to find a suitable point to buy the dips. Market makers who originally planned to boost the market may also pause their operations. When the timing, location, and human factors are not in place, going against the trend can easily lead to being trapped. Like OP/LDO in the past, their bear market genes are too strong, and even if they gain momentum later, selling will be high, and they can't escape the fate of following the trend.

However, as an excellent investor, if you don't take action when everyone is discouraged, it will be difficult to make big money. Every market crisis is actually an opportunity; the key is to seize the opportunity and leave the risks to others.

Now is the time to constantly monitor market trends, and once an opportunity appears, act decisively. This year's victory will belong to those who are prepared, to those of us who have done our homework early.

In the end, many things are not included here, such as specific opportunities and decisions, which often cannot be summarized in a single article.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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