As I expected, the S&P500 showed a significant decline and at present it's not over yet. There are several main reasons that may explain this decline, but I would not like to dwell on them.
I'm more interested in the following three events that can significantly affect stock indices and Bitcoin. These are:
1. War between Russia and Ukraine and sanctions against Russia.
2. A probable war between China and Taiwan, which could start as early as March (perhaps 15th of March). Sanctions to be taken against China.
3. Scheduled meeting of the Fed, which may decide to raise the interest rate.
Therefore, at the moment I take a waiting position and am not in a hurry to open long orders.
With a high probability, we will see BTC below $32,000. For me, this would be a good entry point.
#BTC #SP_500
