BTC has been rising violently in recent days, breaking new highs one after another, and has now exceeded 97,000! Every breakthrough is accompanied by the liquidation of hundreds of thousands of people and hundreds of millions of liquidation amounts! !
The current market situation is that the dealer is forcing everyone into contracts. Don’t be fooled. As long as you have U.S. in your pocket, you have a chance!!!
The bull market can only continue to rise healthily if there is a correction. The price of Bitcoin has risen from 68,000 yuan to 95,000 yuan. Have you ever seen a decent correction? I am really afraid that the market makers will come to kill it. The higher it is, the more cautious you should be. Don't listen to the outside voices. It will reach 100,000-150,000 yuan by the end of the year. Although it is possible, you should make your own judgment when trading. If you are worried about a pullback, you can reduce your position. It doesn't matter if you sell it at a loss. There is no shortage of opportunities in the bull market, but the principal is lacking!
Bitcoin is about to break through 100,000+, why are retail investors becoming more and more resentful?
I believe this is the biggest question in most of the friends' minds in this round of bull market. Bitcoin is almost reaching [six figures/coin], but the altcoins are still falling. However, there are very few retail investors like me who have Bitcoin in their hands. Whether holding a lot of value coins or MEME coins, I am beaten every day! I don't know when it will end.
Bitcoin continues to hit new highs, but altcoins are indeed wailing, for the reasons I have been saying recently:
Compared with the past, the difficulty of this bull market has been significantly improved. The market of garbage flying into the sky and mindless making money seems to have left us for too long.
The current market is severely stratified, with large funds only recognizing Bitcoin, so new funds in the OTC market are all focused on Bitcoin, while small funds within the circle are highly profit-seeking and will go wherever they can make money.
There is no doubt that only Meme can bring money to everyone now, so small funds are attracted to Meme on the chain and CEX. Even now, top CEXs such as Binance, Upbit, and OK are listed. If Meme is listed, then the market will rise after it is listed. If non-Meme is listed, that is, value currency, then it will fall after it is listed.
In the final analysis, the meme craze is probably the product of the industry's relative stagnation and boredom. The industry's anxiety and stagnation have created the meme carnival.
From the underlying logic, as the interest rate cut cycle progresses, abundant liquidity will inevitably overflow from Bitcoin, the meme dish will inevitably become boring, and other types of substantive memes (copycats) will inevitably be favored. The copycat season is bound to come, but memes will also accompany the entire bull market!
At present, 100,000 is a psychological barrier. At least I think the properties after 100,000 are closer to gold. I think the outbreak of cottage industry will also be after 100,000. The breakthrough of psychological barrier will definitely lead to the entry of fomo funds. The same is true for market makers. They will look for targets with good depth and convenient liquidity exit in the future.
Why did the altcoins go crazy in March this year? Because Bitcoin broke through the previous historical high and also broke through the psychological barrier of people for two years, and a hundred flowers bloomed. In contrast, in the middle of this year, whether it was liquidity or the outflow of altcoins, it was actually no different from the deep bear market. Therefore, the market not only needs to open the floodgates, but also needs to break through the literal barrier.
