Expert Reveals: This is What Bitcoin's Next Trend Will Look Like!
Right now, Bitcoin's trend is exactly the same as it was back in 2020, starting to rise from October and continuing to climb until around November 25, doubling in value. Last time it went from 10,000 to 20,000, this time I see it going from 50,000 to 100,000.
Then you know there’s a Black Friday in the West, which is a shopping carnival. When this time comes, Bitcoin tends to drop. Why? Because retail investors need to withdraw money to spend, and this leads to some capital being pulled out of the crypto market.
Actually, the amount of money withdrawn is not much, but many people anticipate this kind of correction, so even if they don’t go shopping, they will sell their coins when the price is high. This makes the correction effect even greater.
Last time on Black Friday, Bitcoin corrected by 16% in a week, and this time I estimate the correction will be a bit smaller. I think the 87,500 position is a good support level, and if it reaches this position, it can be bought directly. Additionally, above 90,000 is also a significant threshold, with decent support.
Now let’s talk about the last cycle. After Black Friday, Bitcoin slowly went back up, but the increase was not large. It consolidated for two weeks before continuing to explode. I estimate it will be the same this time.
Now everyone has seen how strong ETH is, right? Large funds have entered the market. If Bitcoin crashes, ETH can still go sideways. Once Bitcoin warms up, ETH will start to gain momentum. If there’s a correction, that’s a great buying opportunity. Just like I told everyone to buy above 3,350 last night, it reached 3,460 this morning, and operations are going smoothly every day.
Also, ETH and SOL’s long-term low-leverage contracts and those small altcoins can now be bought at lows. Once the crypto market consolidates until early December, it will rise again, leading to another big wave!
Now BTC has corrected to 92,000, and the market is fully exploding! This market is most suitable for short-term contracts! I have focused on ETH strategies for three years, with a contract win rate of 85%! Leave a comment + like for a free share!