In just two days, Bitcoin soared from $70,000 to $89,500, an increase of nearly 30%, setting a new all-time high.
Despite the astonishing increase, a large number of long positions were liquidated. This also fully demonstrates that more and more market participants are beginning to get involved in contract trading, hoping to use leverage to magnify their profits.
In a few days, the news that Bitcoin has broken its all-time high will surely be overwhelming, and by then a large wave of novice investors (leeks) will flock in.
This will make the already complex market even more uncertain. This is a good thing for veterans who entered the market at a low price, but for those who have been holding short positions and watching, they may start to regret it, because many people originally thought that the increase in Bitcoin would not be too large this time, but they did not expect it to soar all the way, making them uneasy.
This is how the cryptocurrency world works - you can be right 9 times, but if you are wrong once, all the profits from the previous 9 times may be lost.
Don’t envy those who make quick money. Most of their achievements today are the lessons learned after experiencing countless blow-ups. Once ordinary people have blown up their positions, it may be difficult for them to turn things around!
Know your own situation and see if you are suitable for playing contracts. High returns come with high risks. If you lose everything this time, do you have enough capital to come back? Most people who lose money are because of playing contracts or blindly chasing altcoins, and even claim to "stick to the pattern."
If you don't have enough capital, don't follow the trend blindly, otherwise it's easy to lose control, which is almost like gambling. Newbies should focus on studying the market, and this big opportunity can actually be seen from the market.
The biggest opportunity in this bull market is: DOGE!
The current market situation almost confirms that Doge is the only currency that has the potential to surpass BTC's growth. Its market value is only 50 billion US dollars, which has not yet reached the real threshold for large funds to enter the market. I think its market value can at least reach 500 billion US dollars. Bitcoin is controlled by Wall Street, and Musk seems to intend to make Doge the "next Bitcoin."
Those who only see the $1 target have a narrow vision! Doge's first target price is $3, and then $10. When the next sharp drop (smashing) occurs, boldly buy and hold Doge, and you may be able to achieve financial freedom. Its monthly line has been broken, and now is the beginning of the pull. The market value of 50 billion is nothing to the whales.
Stop asking whether this is a bull market or not. Anyone with a discerning eye can see that this is a “dog market”!
Do you remember the lady who was engaged in MLM? In 2017, she earnestly advised me to buy Dogecoin in the Year of the Dog. At that time, I angrily rebuked her. Now I understand that this is the essence of the meme spirit.
Big sister, are you okay now? Can you help your brother again?
The market is still going on, but the same old saying still applies: Don’t chase the ups and downs
If you want to seize the next opportunity, you must either have the foresight to judge the market or choose a reliable institution to follow. Don't think of relying on luck to gamble. As long as you hold this mentality, you will lose everything in the currency circle sooner or later.
