Tuesday 02.04. BITCOIN DUMP! Chinese Session starts with SELL OFF...$ 69.600 => $ 65.600

European Bitcoin Investors will wake up in FEAR as Tuesday session in Asia starts with a shaking sell off from 69600 to 65600 in the early session hours. In 3-4 hours European investors will face a drawdown by ca. 6%... for leveraged derivatives it is a crash already if new players want to get richt to fast and forget about every solid rule - eg. Rule #1 "Don't Loose Money" Rule #2 "See Rule #1"

In the past Asia is playing out USA so current sell off might be a bargain for US Investors in the afternoon session (from EUropean perspective)... It depends on how much profits early buyers want to realise and of course the prehalving period might also lead us to more fluctuations. Get your BAGs together... we are going to the moons in my humble opinion. Don't let big boys shake u out of your life changing trades. Crypto is King! Leverage is the Secret! Money Management is the greatest secret!

Why are Asians selling out?? It refers to instances where there is a significant sell-off of Bitcoin (BTC) by individuals or entities based in China. There are several reasons why this might occur:

1. Regulatory Concerns: China has historically taken a cautious approach to cryptocurrencies. Government regulations or statements regarding cryptocurrency trading or mining can influence market sentiment and lead to sell-offs as investors may fear regulatory crackdowns or restrictions.

2. Market Manipulation: In some cases, large holders of Bitcoin or groups of traders may engage in coordinated selling to manipulate the market for their own gain. This can lead to rapid price declines and exacerbate selling pressure.

3. Profit-taking: Chinese investors, like investors from any other country, may sell their Bitcoin to realize profits when they believe the price has reached a peak or when they need to liquidate assets for other purposes.

4. Economic Conditions: Economic factors such as inflation, currency devaluation, or economic uncertainty can also drive individuals to sell Bitcoin as they seek to preserve wealth or hedge against economic instability.

5. Energy Concerns: China's stance on Bitcoin mining, which requires significant energy consumption, can also impact market sentiment. If there are concerns about the environmental impact of mining or government crackdowns on mining operations, this could lead to sell-offs.

6. Global Market Sentiment: While the selling may be attributed to Chinese investors, it's also important to consider broader global market sentiment. Events or news impacting the global cryptocurrency market can influence trading behavior in China and elsewhere.

It's worth noting that while Chinese investors or entities may be involved in selling Bitcoin at times, the cryptocurrency market is global, and price movements are influenced by a wide range of factors beyond any single country's actions.