This week we encountered Thanksgiving and Black Friday, funds from institutions are not coming in, and the holidays and shopping lead to a capital outflow in the cryptocurrency market. With an increase and a decrease, the market has been suppressed.
The performance of Bitcoin also reflects this, especially under the heavy impact of long-term investors, the market has indeed experienced a correction.
In fact, this correction was not difficult to predict.
To what level will Bitcoin correct? Currently, from the charts, a correction to 90,000 is significant as it would harvest the 11 billion assets below.
This level is also a support; if this round of decline reaches this level, it would be a good time to start buying more.
Further down, there is another support at 87,000; reaching this level might present an excellent entry opportunity.
Of course, the cost-effectiveness of bottom-fishing Bitcoin is quite low; entering Bitcoin at this time, under the certainty of a bull market, is somewhat like entering the army in '49.
As for which specific projects, I will clearly inform everyone in our circle.
However, regardless of what to invest in, my principle is to focus on mainstream coins with determined value; I will not envy junk coins no matter how much they rise. Everyone has their own investment boundaries and cognitive limits, and anything beyond those boundaries does not fall within our investment scope.
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