Hi hive friends.
Hopefully all of you are fine. Today I am posting my post after about five days because earlier Eid was going on here and after that my cousin's wedding, so today I sat down and looked at the market and it was visible in the market. It was five days ago. Currently the market is standing above 29000 for the last few days and this is very good for the market because the higher it stands the more people will trust and invest in it.
Even today, it has been moved up and down by nine hundred dollars for the futures, at which point the market has come back to the same place as people have opened the long positions that they had at that time. In the last three days, the market had given trade of only three hundred dollars due to which people were not understanding anything.
The most important news today is that another bank in the US that filed for bankruptcy two days ago will have a good effect over the market in the next few days. Similarly, if JP Morgan Bank is also defolted in the near future, we will see a great pump in the market.
The important decision is that the market will be held on the 3rd because the interest rate will come on the 3rd, so there is a chance that the interest rate will not be increased. If it happens the way we think interest rates work out, we'll see the market go up in a very nice way, and after a while we'll see all the money added on altcoins . It will start coming in.
As the market has taken a pump, we can see the dollar go down and then when the market is overturned, the market is no longer coming back up and the dollar is back up. The dollar is starting to rise again. The decisions that people make are based on the market. If market break his resistance than people's come and put money on market.
The most dangerous thing is now for all other coin's because it is increasing day by day due to which people are withdrawing all the money and putting it inside the bitcoin. He has to come down again anyway because his resistance is a little higher up.
[What do you all think that the market as it is will be able to do its monthly closing at 29k and everyone has to tell me in the comments.]