My goodness, waking up to find Bitcoin has broken through $89,000, just $500 away from $90,000.
Looking back, I have always emphasized that Bitcoin is just a normal correction in a bull market, and after some fluctuations, it will continue to reach new highs. I hope fans do not get shaken out. Those with slightly wavering will and who cannot understand the market trends at that time have likely already been thrown off the bus.
There is an ancient saying: 'Those who are close to vermilion become red, and those who are close to ink become black.'
If the circle around you worries about the rising market and complains, and it's the same when the market falls, with no one providing professional analysis to help you understand why it falls and why it rises, you will only be able to trade according to the emotions of this circle.
If you are in a quality circle where everyone is diligently learning, discussing truly valuable matters, interpreting the latest news in the market, and conducting professional analyses, in a positive energy circle, then your mind will be at peace, allowing you to make the right decisions.
Previously, when the market fell, people were crying and cursing the main players, acting as if they had lost their minds. No one would tell you what the correct actions to take now are, letting you clarify the clues one by one.
Now that the market is rising, there is also negative energy surrounding you. When they see the market rise, those people will use emotions to influence you, telling you that Bitcoin cannot keep rising and will fall. If Bitcoin falls, other coins will plummet too, with a series of illogical statements to sway you.
If you are in such a circle and want to achieve significant results in this bull market, quickly distance yourself from such circles.
How will the market move next?
At present, Bitcoin is still very strong, and the volume below still shows a trend of expansion.
If the volume remains high, the market is very likely to continue to surge to around $85,000 before choosing to correct.
If the volume starts to decline and the bulls choose to take a break, the market is very likely to return to the range of $78,000 to $80,000.
Everyone can open the Bitcoin CME futures candlestick chart; there is a gap at this position, and generally speaking, the market tends to fill gaps.
The possibility of this trend is very high.
However, when the previous bull market started, there were also two gaps, which were only filled after a year in the bear market.
There will certainly be a correction, but when is unclear.
So back to this position, those with insufficient positions can gradually enter the market. We should not guess the future market; just manage your position well and decisively enter at key points.
In the past few days, everyone should not chase high prices, as the risk of chasing high is relatively large. As for those with empty positions, strategies have already been clearly provided within the circle, just execute them.
As for coins that have already skyrocketed, it is recommended that everyone take some profits or set profit-taking positions at key levels below.
The two MACD lines have already intertwined, showing no clear direction.
Now all we can do is watch him and enjoy the wealth feast brought by the rise.
Regarding operations, let me share my short-term views. First, the position in Bitcoin will remain completely unchanged. I will sell a portion of Ethereum during the day and wait to buy back after a wave of corrections. As for altcoins, those with zero-cost expectations have remained unchanged, and I will gradually sell off previous positions like Doge, Mask, Sui, etc. The focus of chips will still gradually shift to Ethereum until the exchange rate returns to a high level, and then clear out.
Profit-taking from altcoins does not mean I don't have confidence in these coins. For example, Doge, from the perspective of market capitalization and market sentiment, I believe its room for growth is still substantial. The consensus among retail investors is also a consensus. However, having bought in at 0.1, I have already obtained results within sufficient recognition. If there are opportunities for subsequent waves, I will still consider entering.
In the next few days, the market will hover between continuing to break through or choosing to fill the CME gap. Regardless of which situation arises, I believe it will have no impact on the long-term bull market pattern. Stay true to your original intentions; the altcoin season has not yet arrived, it has just emerged slightly!
