As I mentioned in my previous post, this time the effect of Russia and Ukraine on Bitcoin and it came down, this time the ongoing war between Palestine and Israel. The above effect will not come and exactly the same thing we have seen happening for a long time what we have been waiting for.
There was a break in the situation because people believed that it would go back again from 32,000 or 32,500, so people had taken a lot of short positions here. And today exactly the same has happened, at this time the coin has touched 34700 and is now trading above 32 thousand.
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And now the main question is what is going to happen in the near future, so I will say here that the way the good news is going in the market, XRP won first and now the case is over. It's done and now Gary Gangsler is also giving good news in terms of the ETF being approved, so we'll see that within the next little while we can see it at 48,000 and then from there. It will again take a little rejection.
And I congratulate those who have weathered the bear market over there and held their holdings, it's going to be a good time for them. bought bitcoin at $15,000 and it is above double profit we are seeing this and the way people were saying it will come to $10,000 they never made a profit from this market.
The way Capo who was he said I'll keep making noise and by now he's liquidated and he had a million followers if he followed him too. will be at a greater loss.
At that time, those who bought Bitcoin at 26,000 should sell 50 percent of their holdings at a profit and then wait for a small reduction. If they want to enjoy the profit, then it is better to hold it now.
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The people who were saying that Salana is going to be dead just like Luna and FTX, I said in my post a few months ago that Salana is going to be nothing and say that. But they will not go and the same thing is happening and if we see, the price has started above 8 dollars and now it has risen to 32 dollars.
Wise people who understand the market and see things, then only they can take profit from this market, otherwise they will never be able to take profit from here, but whatever money they put in, they will also give it to others. The way we are seeing that the people who had taken short positions on the advice of the capo have been liquidated. Should have changed our mind.
Still the market can take a correction then we can do the DCA here also at 32 thousand and here if the market is there then we should put more money if the closing of the market is at 33 thousand. If it goes up, it is very good news for the market and we will see that this time we can see the market going down to 100,000 dollars, if not to 100,000 dollars then it will definitely go up to 80,000 dollars.
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Most of all we should thank the owner of this coin who has fight for two years and finally won the case and the SEC has found that this coin is working properly. We made a mistake by making a case on it and so they dropped their case and now we're going to see it go a lot higher and the smart people put 50 cents into it. They would have put money down and now they will wait for some time and earn a good profit from here.
One should always buy inside the market when there is a fear inside the market that the market will go down. This time also wise people and all our friends have done exactly the same. When the market reached 25 thousand 24800 our friends had bought certain things from the market and now they are in very good profit so still my advice to them is to sell 50 percent of their portfolio in profit and then wait for a rejection. If it goes to 32k then buy it again.
And if they are long-term holding like me, then it will not be wise to sell your portfolio now. If so, then I would wait for the market to go higher.
And the most sensible thing is that if a person does futures trading, he should always do futures trading with a stop loss. If you don't do that, you are going to lose a lot in this market. If the loss had not been applied, their wallets would have been completely empty because it was a very long pump and many people would have liquidated and the exchanges would have made a lot of money.
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For those who were thinking that Binance was going to end and that it would go away, I said in my posts a long time ago that nothing would happen to it because its owner is a very sane person and just like that. That's what we're seeing happening and we'll see that now people will have more faith in it and people will put more money into it, so we may see its price go up.
Still it's not going to go up according to the market because if we look at the dominance of Bitcoin, it's currently above 53 and I said it's going to go up to 60 and we'll see when Bit If the coin will go to 48 thousand then it will see us till 60 and the best and big question now is when will altcoins give us profit then it will wait for that time because when bitcoin is It will stop at one place and then people will not get profit from here, then people will move downwards coins again.
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