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BTC has been in the 7-figure range for two days, and it’s dropped again and again~
There are rumors that the source of this decline is that the United States might be planning to do something to Iran?
Someone also mentioned that last night’s “Pentagon Pizza Index” suddenly surged,
and it seems this drop was “predicted” long ago.
This theory has been circulating in the community for a long time, with the logic roughly as follows:
More pizza orders near the Pentagon → Military overtime → Possibly going to war → Crypto market drops
It’s said that this explanation was originally invented by the KGB and later adopted by the crypto community as an “emotion indicator.”
It sounds interesting, but in reality, it’s not very reliable.
The reasons are simple:
1/ There are too many reasons for the surge in pizza orders; the noise far outweighs the signal;
2/ Occasional coincidences do not imply causality;
3/ Geopolitical impacts on the crypto market are not linear; sometimes it drops, sometimes it rises.
So, these kinds of “pizza indicators” are more like fun jokes rather than strategies to make money.
Just look at them, and definitely don’t rush to open contracts just because there are more pizzas~
Back to the main topic:
In the current market environment, the safest approach is still DCA for Bitcoin.
Then forget about these short-term distractions and hold firmly!
Of course, if you’re a trading genius, ignore what I just said, hahaha~
Tip: The above is for informational sharing only, not investment advice. Please do your own research!
Silent DCA DeFi enthusiasts: BitHappy