The giant whale has set 10 major goals: under multiple macro headwinds, BTC has only retraced about 5%, and will continue to hold as long as it does not fall below 79,000 USD
Whale "Set 10 Major Goals First" (@jasonleo) shared a post late at night stating that the most noteworthy aspect of this round of BTC correction is not the decline itself, but "why it only dropped this much." He pointed out that recently the 30-year U.S. Treasury yield approached 5.7%, and the 10-year U.S. Treasury yield was about 5.3%. Market expectations for another interest rate hike within the year are rising, while oil prices and inflation pressures are resurfacing, with multiple macroeconomic headwinds overlapping. However, BTC has only corrected about 5% so far.jasonleo believes that the price's reaction to news is itself important information. In the past, when a single macroeconomic headwind appeared, BTC could experience a decline of over 10%. Yet this time, under the pressure of multiple headwinds, the price has not shown significant damage, which indicates that the current upward trend has a certain resilience. He compared the current trend to BTC's previous bottom around $58,000, believing that both exhibit the characteristic of "weakened selling pressure after sufficient release of bad news," but the current market remains in a strong trend. He stated that he does not currently believe BTC will directly drop to $78,000 or even $74,000, and will observe $79,000 as a position to reduce holdings: if BTC falls below $79,000, he will begin to reduce holdings; if the daily close falls below $78,000, he will exit all remaining long positions and wait for the next entry opportunity; if the key position is not broken, he will continue to hold long positions.
