As people in the cryptocurrency circle, when we analyze the market, we often need to put ourselves in the perspective of God, so that we can avoid most risks.
Bitcoin ETF directly led to a wave of bull market through this wave of positive news, and Bitcoin also reached a historical high.
At that time, almost all investors believed that after Bitcoin broke through the new high, it was equivalent to a rocket entering space. There was no pressure above, and the universe had no limit.
A friend of Thirteen opened a 100-fold large order at more than 40,000, and he was determined not to sell it, hoping that Bitcoin could bring him wealth and freedom.
When chatting with Thirteen at that time, Thirteen advised him to stop profit at half, but he didn't listen to me.
When Bitcoin fell below 56,000, he finally couldn't help but cut his losses and left the market. The income was directly halved, and of course he also made a lot of money.
This wave of continuous shocks and declines for 4 months was something no one could have predicted.
Especially the drop to 53,000, almost all the bulls below were harvested cleanly.
With the same idea, there are now a huge amount of shorts above Bitcoin, waiting for an opportunity to move.
What would you do if you were a trader?
The bottom has been harvested, is it time to continue harvesting upwards?
If Bitcoin suddenly starts a U-shaped reversal from now on and rebounds above 72,000, then the entire market will have 5.6 billion US dollars of oil and water waiting to be harvested.
Would you be tempted? Will it suddenly rebound?
We will definitely do it.
Of course, these are just Thirteen's speculations and may not really happen, but we must be prepared for this. From the perspective of the medium-term market, we should be bullish instead of continuing to be mindlessly bearish.
After the market digests the current selling pressure, it may suddenly start a violent rebound at a certain point in time.
Therefore, we must hold the spot in our hands firmly.
