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There is a race going on everywhere in the cryptocurrency market and various news are circulating in this race. But everyone's eyes are sometimes worried and sometimes happy after seeing the ups and downs of every scan market. But today I will present my analysis to those new traders who are worried that they took entry in BTC at 73K but BTC is trending down. Now all those traders are looking very worried, so I give them the happy news today, Sunday, April 28, 2024, that all this down trend in the crypto market is being created only to worry the investors and I am sharing this news with you all. I am confident that BTC and Altcoin are being bought by big whales while small hearted investors are selling their coins cheap due to rumors of distress. I can confidently say to all concerned investors that the crypto market is poised to move upwards, but playing the up and down game right now will disappoint you but big whale are filling their bags and then will be ready to starts a bull run,
so here I am. I will give this opinion that all new investors must buy a little in every dump if you have money in saved. Those who are suffering from the crypto market at the moment are those who see even a little down trend in the market, then they decide to sell their assets at a loss. If I tell you from my experience, the crash in the crypto market and the sudden pump of the market and the second dump and crash are all part of the market, but in every market there is a trend and an event trend. At present, apart from the usual trend in the crypto market, there is an echo of the BTC halving trend, which comes every four years, and still BTC halving trend , which is an event trend , still did not start, so we should wait for btc halving trend .
But it is not that we should not be aware of the news regarding the crypto market but we should be aware of the latest updates every moment because a good news makes the market go up for a short term and a bad news for another moment bring the market to down . Daily Billions of dollars are consumed in the market to manipulate the market with news . We must pay attention to every news related to the market and this will make us a reliable trader in the crypto market.
Currently the king of the crypto market is BTC and then the second number is Ethereum, so whales are currently buying Ethereum and if the volume of the crypto market is seen in general terms, it has not increased significantly because Ethereum and other Altcoins are being purchased. this buying is away from the Exchange. I've been seeing in various tweets for a few days that many analysts are saying that like BTC, if the Ethereum ETF, which is close to being approved in a few months, would be approved. If it is yes then Altcoin will start flying in the air but on the other hand there is a lobby in America which is against ETF of Ethereum but my experience says that when ETF of BTC can be approved then why can't it be approved of Ethereum then I am very sure. Ethereum's ETF will be approved and this is the reason why big companies and investors are buying Ethereum in hidden and we can see this purchase clearly on Ethereum's blockchain.
The FOMC report is very important in the crypto market and the FOMC report will be published in the next 24 hours, so if this report remains as it is, then it is a very good thing. But we all know that if there is an increase in the interest rate in the FOMC report, then we have to be careful and that's why I would say to the new trader that if you plan to invest now, take entry only after the FOMC report because in the market. This report has a great impact.
I will say one thing to all new traders through this post that always have confidence in yourself and whenever you invest, keep yourself informed in whatever sector you are investing in. Yes, you should be aware of related information and news.
Let me tell you briefly here that it is an election year in the United States, so this election can affect the crypto market because the ruling of the United States can decide something wrong about BTC(the king of the crypto) market if the trend is like this in next week then there will be great up trend in the marke specillay in altcoin .
now every one want to use and hold crypto but US dollar is being used in the world and US government will not accept that BTC get highest becasue if BTC will be used for international currency transactions, then the series of measures against crypto in the US will continue and is still ongoing. I hope you find my words informative and helpful in becoming a better trader. I wrote this article just to share my experiences and if you want to invest in crypto, do your own research first.
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