$BTC 📉 Why is Bitcoin struggling, and how are macroeconomic realities all contributing to the same result?
Bitcoin is currently stuck between two moving averages, the 50 MA and the 100 MA, which is why the price lacks a clear direction.
This isn't just a technical issue; there's significant pressure from both micro and macroeconomics.
The impact of high interest rates, the strength of the dollar, and global uncertainty are major contributing factors. Buying of risk assets (BTC + altcoins) is decreasing.
🌍 Why is the demand for gold increasing?
Many countries like China, Russia, India, and Turkey are increasing their gold reserves. The reason is the increasing risk associated with fiat currencies.
Geopolitical tensions are rising, and there's a desire to reduce dependence on the dollar.
Donald Trump's statements and the tensions in Europe-US relations have also increased uncertainty.
When politics and the economy are unstable, people turn to safe assets like gold. Central banks of all countries are shifting a portion of their capital into gold for this reason. People are also withdrawing money from cryptocurrencies and investing in gold as a safe haven.
⚠️ The market could go down, so how should you trade?
BTC is currently down, but it won't stay down forever. A lot of money printing is happening.
Because of this, Bitcoin will eventually reach an all-time high, but no one knows when that will happen.
There's no need to be afraid of holding "BTC spot." Try to protect your capital. Don't go long below strong support levels. Be very cautious when trading altcoins with weak structures, or simply avoid them.
Smart people manage to save their money in any market situation, and you should do the same.
👉 Message:
The market will always provide opportunities, but you only have your capital once. Don't trade emotionally; consider the risks carefully.
#BTC #TradeCarefully