Why am I so sure that Bitcoin will not break 5.9?
Because that is the average price when BlackRock and Fidelity took over Grayscale! If it really falls below 5.9, the altcoins will have to fall by 70-80%. At that time, the market was full of panic, and it would be more difficult to pull it up again in a short time than to pull it up from 70,000 to 80,000 now!
The altcoins are scared to death when Bitcoin moves a little now. If you are an institution, a small drop can achieve the purpose of sucking blood. Will you take the risk of a sharp drop? The real risk of missing out is not in the altcoins but in BTC! ! ! If you have Bitcoin in stock, don't sell it stupidly. The purpose of institutional wash-out is to wait for you to ship. Otherwise, do you think that institutions are like leeks, going to buy the bottom of the altcoins?
As retail investors, we cannot influence the market trend, so we just follow the trend.
In my opinion, this kind of repeated ups and downs and wash-out market is an excellent opportunity for short-term swing trading in spot operations. Look less at various fancy strategies and do one thing: keep an eye on Bitcoin! !
If Bitcoin dares to drop a few points, my copycat will dare to sell at a low price to buy the bottom. If it dares to pull back a few points, I will dare to sell again and wait for the bottom. Don't be afraid that the copycat can take off this year's trend. In this market, even if the big bitcoin breaks 80,000, the copycat still has the opportunity to buy the bottom!
The logic is very simple. Repeated washing is the big bitcoin sucking blood. There is no fresh capital coming in or the funds are not reallocated. Don't count too much on the copycat season. Now the funds in the currency circle are difficult to pull ETH at the same time. Do you still expect to pull the copycat to rise generally? Don't compare it with previous years. Sometimes excessive consideration of history is like carving a boat to seek a sword!
In this market, if you are bolder, you will see that the big bitcoin starts to fall. Find a copycat with a larger volume to open a low leverage short position. The risk is not big!
You and I are all part of the cryptocurrency world. If you can't buy long-term and can't control the trend, you should learn to adapt to the situation. People in the cryptocurrency world should have faith, but faith should not be rampant. Take ORDI for example. These three ups and downs can also make at least 3-4 rounds of band profits. Isn't it good? Finally, if you are a pure novice and you want to rush into the cryptocurrency world when you see BTC hit a record high, then I suggest you pay attention to me first, learn the knowledge of the cryptocurrency world with me, and make up for your basic skills. Only by laying a solid foundation can you go further.
#IO #NOT #BOME #BTC #ETH🔥🔥🔥🔥
