April 16, 2024 Grandpa checks in
The broader market failed to form a V reversal, but a small rebound and stepped back down, forming a small shock. The market has experienced big dump, it will definitely take time to repair, and it is difficult to Rebound directly in the short term, but the buying point of this position is definitely not a big problem, and if the market feels good, you can also do swing trading, and the risk of this position must be small and long.
The other one is the tariff that has been at a high level before, and it has fall down recently, and even many of them have fall negative, indicating that the market has turned fall in the short term. Because there are a lot of long stake projects in this round, I estimate that a lot of them have started hedging, and in any case the tariff angle is still effective, before I felt that the high cost of capital is difficult to maintain, and the recent fall shows that the risk is small and very long.
Recently, Grayscale's GBTC continued to have a net outflow, with an outflow of $110 million yesterday, and despite BlackRock's inflow of 70 million, it still showed a net outflow overall. In the past two days, I have also seen some small orders of BTC transferred to the exchanges, indicating that someone must have chosen to sell for hedging at this node.
For us, this round begins to take profit and sell at a later stage, and now it is cost-effective to buy the dips, and you can naturally buy. On the other hand, we should also beware of this round of U-turn downward, after all, the BTC has not been broken, we temporarily think that the Bull Market is still there, but if it is broken, there will be a bloodbath in the next market, so the disk needs to be observed for more long time.
Thanks for following and liking.