The approval of Bitcoin ETF and halving in the first half of the year pushed Bitcoin to a new high of 70,000 US dollars. I dare not imagine where Bitcoin will go if the Fed cuts interest rates in September and Trump takes office in November. 😍😍🤔

It is equivalent to opening the door between the niche circle and the mainstream world in the first half of the year. In the second half of the year, the huge amount of funds and continuous benefits in the mainstream world may be seamlessly connected~

There are long-term favorable factors, but since the shooting, the price of Bitcoin has fallen from 70,000 to around 61,000 US dollars. Many people are hesitating when to enter the market. Should they wait for a drop before buying, or wait for a breakthrough in the shock range before buying? What's more disgusting is that they want to wait until Trump takes office before buying! ?

The first is to wait for a breakthrough. The price of Bitcoin has been in this large rising flag for more than 4 months. Looking back at the trend of Bitcoin after the halving, the long and short turnover has been relatively sufficient from the time and trading volume. It is only a huge positive line of more than 10% that breaks through the upper edge of this flag. If it can break through the previous high directly from the upper edge, it will be more stable! !

The second is to wait for a pullback. Each of us has an expectation of where Bitcoin may fall, and each person is different. We must judge the profit and loss ratio based on our own strategy and analysis🤔

If the low point of $38,555 is used as the starting point and $73,777 is used as the high point, we use the Fibonacci retracement tool to connect these two points, and we can see that the price has retreated to 0.382/0.5, and the most recent low point is also above 0.618. The upward trend has not gone bad~

Using a fixed volume distribution chart to observe the volume distribution of this trend can be found At present, most of the transactions are concentrated above 61,000 US dollars. If the price falls sharply, the first step is for the main force to knock down the unsteady orders below 61,000 US dollars. If you look down, 57,500 and 51,500 US dollars are two positions where the price is likely to stop. Assuming that the support of 51,500 is very strong, calculate the profit and loss ratio. We bought 10,000 yuan of spot at 61,000. If the price falls to 51,500, the maximum loss is about 16%, but the imagination space above is too large. In other words, according to the odds and winning rate, this assumption is very appropriate! But if you think it can fall to 30,000, 70,000 is the high point, then give up~

The third option is to wait until you get on stage~