#比特币突破10万？
This situation, Bitcoin is soaring sharply, can it really be considered a bull market? When will it correct?
Bitcoin is almost at 100,000, but don't rush to say this is a bull market; this can only be considered Bitcoin's own bull market. Those altcoins have only seen slight increases, and we are still far from a true bull market. During this process, sharp rises and falls are definitely unavoidable.
Personally, I feel that the market has overheated, and a greed index above 92 won't last long. You see those celebrities have started promoting digital currencies; isn't this a signal that they are about to run? The media reports Bitcoin every day, and the retail investors are getting excited, while those manipulators have long sharpened their knives waiting to cut the retail investors.
I don't want to be overly pessimistic; after all, if it drops, the coins I hold will also lose value. But reason tells me to be cautious with trading at this time. Of course, we will also have to see how next week's data looks. I will keep an eye on the inflow and outflow of the Bitcoin ETF in the US stock market.
Next up——
Next week could be a turning point; around November 27, there might be a significant drop, and it's hard to say how low Bitcoin can go.
Altcoins only have this weekend and the next three days for opportunities; if they don't rally, we will have to wait for the next cycle. You can see that some altcoins in the SOL sector have already been pre-washed.
For our main positions, we can only wait for the next bottom-fishing opportunity——
I previously called for building positions from September to mid-October; most targets have been performing well, but some have really been stagnant, like BOME, which I'm still holding. It’s practically a doomsday index; if it rallies, it will signal a run. Those weaker targets aren't worth considering, like BB, NOT, and DOGS.
The first opportunity to liquidate and take profits will be around November 14. At that time, I advised everyone to take profits on WIF, SUI, IO, SOL, and CATI; I no longer hold any of these. The remaining ones that haven't exploded can be monitored further. During this period, I repeatedly reminded everyone to take profits at highs and be aware of risks. Currently, operations should only be short-term, and entering must include a stop-loss point. If it falls below the 6-hour BB indicator, unconditional stop-loss.
In the cryptocurrency circle, if you don't have a good circle or first-hand news from the crypto world, then I suggest you follow me, find me, and I will help you get on board for free. Welcome to join the team!!!
