$BTC and markets update.
Once again strategy is long-term. We will not rebalance in USDC.
Time to be smart with finances. Take your profits.
Beijing, reluctant to bail out the country’s most heavily indebted property developer. The problem isn’t just in Evergrande, the whole HY market is in decline.
China is unlikely to allow prices to drop in the market, but we can expect certain projects to stop and slow down. All together it will probably end up in the sale of assets. Consequently, we can probably expect a drop in the price of commodities. We already saw a big drop in iron in August.
Since there are no chips and work, the car industry will start to lay off...
And there is also China and total ban of crypto FUD.
For now, it seems that we have reached the top of everything, maybe another pump towards the end of the year because of some free money. If the stock market falls, raw materials, etc. crypto falls even more.
So be careful with your finances, be smart.
We are in down trend, stuck in 0.382 – 0.5 Fibb range, 45k is heavy resistance. Looking at previous similar fractals from the past there will be a dump around 30% and instant pump back. If 43k doesn't break in next hours, we have more chances to break to the downside.