Long mid-term view is long. 2024-2-4-0236 points. 2024-2-5-0106 points revised. 1-11, BlackRock, Fidelity and other 9 Bit B spots from the United States began to enter the market, and Grayscale smashed the market. On 1-23, Bit B hit a recent low of 38,000, and then fluctuated and rose, indicating that the acceptance market (BlackRock) was stronger than the selling pressure market (Grayscale). Now the distance between 1-11 is 24 days. Looking at the gains and losses of the 24-day moving average, you will know the outcome of the old American institutions and Grayscale Gaming. It is predicted that the market outlook will be mainly upward, and the worst case scenario is that it will fluctuate between 40,000 and 44,000. for a period of time, but after that it was still mainly rising. The main force of this market has changed from Grayscale to old American institutions (BlackRock, Fidelity). It is also easy to calculate their fuzzy costs. For example, they entered the market on January 11, 2024, today 2-3, and they entered the market 24 days ago. Look at 24 You know it with the daily moving average. This is a bright sign. After a huge rise, whether it is sideways, oscillating, or falling, as long as it breaks through their cost line to confirm, the bear market has begun. But before that, before 69,000, there was nothing to worry about, just do your best to be long in the medium and long term. The biggest advantage of retail investors now is that they know the cost of the old American main force, so don’t be afraid before 69,000 and go long as hard as you can. The first goal is to reach a record high of 69,000. This can definitely be achieved in the bull market of reducing production. The second target is 100,000. This depends on the ambition of the old American institution. It is impossible to predict now.
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