The madman says...
After the Asian market wakes up, it is not as expected. I originally thought the bottom-fishing forces would come, but so far I have not seen much bottom-fishing capital; instead, panic sentiment has re-emerged. It seems that the opportunity to pick up blood-stained chips today may still be realized, so keep a close eye on it.
If Bitcoin falls to $90,000 now, there is still $2.2 billion of bullish fuel, so there is still a chance.
A few retail investors concentrated in cryptocurrencies have completely trapped people, such as $DOGE, $XRP, $PNUT, $ACT, and $PEPE. Liquidity has been completely suppressed, meaning that the so-called competitive coin boom is unlikely to occur in the short term. If one must seek Alpha, it is still recommended to look for government-concept coins from the United States, which have a better chance of outpacing Bitcoin's gains and even developing their own independent market trends. It's better to find gold in the mountains than to dig for gold in the cesspool.
If Bitcoin can stabilize at this position, there is a chance to return to around $100,000 in the future, but that does not mean it will set new highs in the short term. Therefore, any operations now should be based on a rebound mindset, quick in and out, and patiently wait for Bitcoin to pull back adequately. This cycle may take at least 1 to 2 weeks. Only after the year-end holidays when a large influx occurs can Bitcoin begin to lead the market upward again.
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"[The Madman Says Trend] If Bitcoin can stabilize at this position, there is a chance to return to around $100,000 in the future" This article was first published on (Block客).
