Day 3 of my gym workout check-in
Before, when I was out traveling, I always saw people buying gold, but now that I'm back, forget about gold – I have nothing.
I can only keep an eye on BTC and look for opportunities. There was a slight rebound today. If it holds above 69-70k, it could test 72k again. If it breaks below 69k, it might quickly slide to 67k-68k. I'm too afraid to make any moves; another day without a big profit 😭
It's definitely a bear market. Based on my 7-8 years of experience as a seasoned investor, bear markets usually last about a year. So the real bottom might be around September-November this year. Currently, I'll consider buying when the price reaches 40k-45k.
Every major drop is almost always accompanied by a black swan event. The most likely ones right now are a complete conflict in the Middle East causing soaring oil prices, problems in the Straits, and the US economy potentially showing signs of recession or even severe inflation, leading to a global exodus of risky assets.
Remember March 12th? 😭 I still advise everyone to be cautious and avoid impulsive buying.