April 20, 2024

Bitcoin: Chinese bobik is dead. The tail began to twist the dog. The American tail began to twist a Chinese dog.

A bit of conspiracy thesis:
Until November last year, the value of bitcoin was dictated by Chinese minerscompletely. The yuan is a derivative of the dollar (14% of the reservation), so Bitcoin's movements were very volatile, but very technical.
This year, bitcoin derivatives, mainly American, began to have a great impact on the price (in fact, decisive).Movements have become less volatile, but also less technical.
The Americans have found a new place to invest hot money, instead of oil.
Ostensibly independent (decentralized), allegedly unbreakable (hacking has been worked out), allegedly unchangeable (last year, 51% attack vectors on Bitcoin-like blockchains were worked out), allegedly not manipulated (judging by the shift in the halving date, this is not true).
A very convenient tool from the point of view of the value creation multiplier, an order of magnitude better and less troublesome than oil (hello to Sechin and other similar analysts), and if it becomesIt's very bad, you can break, rewrite history or just turn off the electricity.)))
And it will look like this:
Bitcoin: Chinese bobik is dead. The tail began to twist the dog. The American tail began to twist a Chinese dog.

This is neither good nor bad.This is just the way it is, just as there is Rosneft with Sechin and VTB with Kostin. There are Sechin and Kostin, there is Rosneft and VTB, there is no Sechin and VTB, and in the “bins of the motherland” you will not find anything…
It is not the place that makes a person beautiful, but the person who makes a sacred place sacred…

This must be borne in mind when working with this tool.

By market:
Echoing the above.
The amers did not allow it to fall below the beginning of the financial year (October 01), but at the same time they staged a panic sale.
I think the picture is the same as usual on other dollar billsmarkets, investment fund managers bought at the end of last year and January, sold in February due to growth, now they will buy back, and by the end of six months (by the end of March) and by April (filing declarations) they will be in expensive assets, both in profit and in cash .
There will be something to encourage shareholders to get big bonuses!
Nothing personal just business.
Compared to the previous forecast, little has changed, although they played differently than I wrote. On Monday we briefly updated the loy (they stopped the unsteady bulls and planted the next shorts).
But now, perhaps the picture will be different:gaining a position without showing a high in March (but higher than September last year 9770-10131), and an attack to the north in April-early May, with the distribution of everything purchased in March, and after the halving a good fix.

Good trading and good luck!

Regards, V.

UDP
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I make trading plans. Expensive.
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