The Fed's shoes hit the ground without any surprises. Bitcoin fell from 73,777 to the lowest of 60,775, which is just 13,000 dollars, a drop of 17.6%.
There is still one month left before the halving, and this drop should be the washout before the halving starts. The drops before and after the first two halvings are as follows:
In 2016, the retracement depth before the halving was -38%;
In 2020, the retracement depth before halving is -20%;
In 2024, the retracement depth before halving will be -17.6%
The decline before and after each halving is decreasing, which is normal, because the Bitcoin consensus is getting stronger and stronger. Now that Wall Street institutions control the market, it is basically impossible to want to stampede down like retail investors.
With Bitcoin -17.6%, other altcoins have experienced losses of -30% or even halved. This drop, not surprisingly, may be the last opportunity to get on the bull before the halving starts. So if you don’t buy this time, will you have to follow the highs and buy with FOMO later?
Buy the dip! Buy the dip! Buy the dip!
Bonus: Found 10,000x coins in #binance Web3 wallet? Be the "10 U God of War" in the primary market. Spread the funds, cast a wide net, and turn over when you catch a ten thousand times coin. #HotTrends
Open the Binance App and click [Web3]-[Discovery] on the [Funds] column. There are airdrop areas, inscriptions, popular dapps, SOL ecology, etc. below.
