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MY drops to $0.06 is very good. This time it has fallen for a month, and the time to recover to $0.1 is uncertain.
BTC falls below $87,000.
Gold is about to break through $5,100, and this week it is highly likely to break through $5,200.
U.S. national debt reaches $37 trillion, the likelihood of default has greatly increased. Trump has increased global economic uncertainty, and market risk aversion is very high. Subsequently, gold's price is expected to rise significantly, with Goldman Sachs predicting $5,400.
This indicates that the overall cryptocurrency market, which involves high investment risk, will definitely decline and last for a longer period. Many coins fluctuate by more than 20%.
Recently, many meme coins have experienced a 300-fold increase, indicating strong market speculation. Also, the initial prices of these meme coins are very low.
Trump claims to promote the U.S. to become the cryptocurrency capital. Cryptocurrency regulation bills are about to be introduced. It is expected that by 2026, the global cryptocurrency market will reach a peak, which will benefit MY's sharp rise.
If MY short-term rises from $0.06 to $0.12, the profit will be very high. During this period, MY's trading volume could increase significantly, with the trading volume on January 25 clearly higher than before.
MY is short-term bearish, long-term bullish.