Yesterday's market review: Bitcoin broke through 68,000 in the morning and then pulled back. In the afternoon, it started to rise and reached 69,000 by 9 PM before slightly pulling back again. In the late night, it surged again and hit the 70,000 USD mark by 6 AM. Since the drop on July 29, it has been exactly three months, and Bitcoin has once again crossed 70,000.

What about altcoins? Aside from Solana, Dogecoin has bounced back, but most have disappeared without a trace. Even Ethereum, the leader of altcoins, is still about 28% away from its price on July 29. We have seen too many scams and have been through too many altcoins, and in the end, our money has just disappeared, and the coins we bought are also gone.

My philosophy is that Bitcoin is always the spiritual leader of the crypto world. What does that mean? It means Ethereum can be absent, but if Bitcoin disappears, the entire ecosystem might also collapse. Since you choose to take risks, then go for it; what's there to fear? At worst, it goes to zero, right?

There are no market makers giving out money for no reason, so naturally, there won't be sudden surges in coins. What is 'retail investor mentality'? A major rise only sees profits, but the experienced ones see the risks behind it. The more it rises, the more fearful they become. Why? Because before the ups and downs, they have seen the carnage and the piles of greedy bones. They see the ever-increasing bubbles, and if it pops, everything is over. Don't complain about why your coins haven't risen; think more—did you buy the right ones?

Now back to today's market analysis: From the K-line perspective, $BTC is in an uptrend on the hourly level, in an uptrend on the 4-hour level, in an uptrend on the 12-hour level, and just recently entered an uptrend on the daily level. This wave has a complete hope of hitting a new high. If you have positions, just hold on. The intraday resistance level is 72,000, and the support level is 69,000 USD.

#Bitcoin