At present, it seems that the selling pressure of Mentougou (referring to large Bitcoin holders) has been largely digested by the intervention of Trump (probably referring to some force or event), which makes international traditional capital more optimistic about the potential of Bitcoin.
Overall, the market trend is still upward, but the selling pressure of Mentougou needs to be digested before it can stabilize.
It is expected that the inflow of funds from ETFs (Exchange Traded Funds) of Bitcoin and Ethereum this week may help stabilize the market. Therefore, the market is not expected to fall too much.
Key points about trading strategies:
1. Don't panic when you see the price drop. The market correction is to play psychological warfare with retail investors and to make retail investors hand over their chips at a low level (remember, if you have U coins in your hands, you will not miss the bull market if you have U coins)
2. Don't trade with full positions. Be careful of the transfer of a large number of Bitcoins (about 90,000 BTC) held by Mentougou, which may lead to another opportunity to buy at the bottom in the market.
3. Be patient, don't trade frequently, and wait for market opportunities.
