BTC is also going to fall to harvest the hot money in the market. It is to make those short-term holders who took over at high positions hand over their chips. But BTC harvesting is not like cottage industry. Cottage industry will directly drop 90 degrees below the line after it is pulled up, and even take it away in one wave.
But BTC does not harvest leeks in this way. Remember the wave from the end of last year to the beginning of this year, that is, from April to August, it was grinding back and forth. After April, it kept rushing to 72,000 without breaking through. Then it really started to fall in August. Forcing short-term holders to hand over their chips. So this time since the end of October and November, this wave of main rising waves is far from over, and there will be good news from January to March next year. So it is bearish if it falls. If you want to directly smash it for you, it is unlikely that the chips on the chain will go bad to the beginning of 8 or even lower, unless there is an economic black swan, but it is close to the transfer of power. The probability of occurrence is very low.
Now it is a high-level shock waiting for a new direction. The new direction is Q1 next year. To put it bluntly, it is easy to understand that the "dog dealer" will not end the distribution of chips so quickly. It will be pulled back again, and then the chips will be distributed.
So based on the price of 95,700, the further decline will be limited.
Finally, let's talk about the altcoin, which is also of concern to my friends. I have said since the 18th that you can slowly buy the bottom. If you want to buy a deeper bottom, then look at the situation of BTC at 95,700 and the extent of the altcoin's decline. I have also reminded you before that whether to split the position or do it all at once depends on personal habits. As for what to buy the bottom, I have also provided ideas before. Or if you are afraid and want to wait for it to stabilize later before entering, it is also possible, after all, no one can buy at the lowest point. If you want to be stable, you can also buy the top 30 coins. It depends on your personal investment preference.
The above is short-term. It is for the next few months. Speaking of the long term, in fact, although BTC is 100,000 US dollars. As long as the United States does not mess around. The trend of BTC and ETH may be found in gold. Especially now that the issuance of legal currency is more crazy than when gold passed the spot ETF in 2004. As shown in the picture.
