Last night, Bitcoin returned to $100,000 again, but other currencies did not return to their highs before this wave of decline. Is Bitcoin starting to become stronger?
No, Bitcoin will not rise sharply soon, and will continue to fluctuate in the range of 92,000-108,000 for a while. It seems that the difference from 92,000-108,000 is 16,000 US dollars, but this is not big for Bitcoin. The amplitude of the entire fluctuation range from low to high is only about 19%. For short-term, 19% is a bit large, but for long-term, a dozen points can be ignored.
The overall trend of Bitcoin from the end of 2022 to now is to rise, fluctuate for a period of time, and then rise again. This time will be no exception. The market value of Bitcoin is getting bigger and bigger. The fluctuations during the rising process have two purposes.
The first is to throw off those who are not determined to make short-term profits.
The second is to accumulate contracts and then explode.
Both of these will serve as catalysts for further increases.
Once Bitcoin starts to fluctuate, other currencies will have a chance to rise. After all, funds are limited, and the main force cannot push up all sectors at the same time. They will rotate. In this process, the main force will try every means to prevent retail investors from holding the currencies they want to push up.
This may be a bit abstract. To be more specific, the main force will let retail investors sell the currencies that are not increasing in value and chase the currencies that have increased in value. Then they will pull up the next sector. They can use up to several months to implement this plan.
But retail investors do not have so much time to wait. If a coin does not appreciate for a few months, they would have sold it at a loss long ago. Not to mention a few months, they would start to get anxious if it does not appreciate for more than a month after buying it, and then they would do various things that they think are awesome: selling them and replacing them with coins that have appreciated. They believe that the strong will always be strong, but in fact they have stepped into a trap carefully designed by the main force.
Just like those people who sold Ethereum for SOL some time ago, looking back now, they sold the ones that were about to rise and bought the ones that had already risen. This is the effect the main force wants. What’s more crucial is that half a year later, SOL is still at this price, but Ethereum has risen. How will they feel at that time?
All other currencies will follow Bitcoin’s pullback. When the pullback ends and Bitcoin starts to fluctuate, it is a good thing for other currencies because they have the opportunity to rise.
Bitcoin has returned to $100,000, and a new round of rise has indeed begun, but it is not Bitcoin, but other sectors. As for whether you can buy it, it depends on your personal strength.
There is a saying in Yangming's philosophy of mind: Small victories rely on wisdom, big victories rely on virtue.
You can make small money by being smart, but you can’t make big money by being smart, you need to rely on your own strength.
There is no shortage of smart people in the financial markets, but those who lose money are often smart people because they think they are smart enough to make every penny in the market, but in the end they lose every penny they earn.
The market trend will not change according to personal will. It is a language. If you can understand it and follow its trend, you can have soup to drink. But if you want to snatch meat from the wolf's mouth, you must have the corresponding strength.
Learning is the only shortcut to improving your ability. If you don’t learn but want to get results, you will be taught a lesson by the market. I have been in the cryptocurrency circle for 7 years and have experienced all of these, so I have a deep impression of it.
To put it bluntly, playing in the cryptocurrency circle is a contest between retail investors and bankers. If you don’t have cutting-edge news and first-hand information, you can only be cut! If you want to make a plan together, comment 333! If you want to harvest the banker together, you can come and welcome like-minded people in the cryptocurrency circle to discuss together~
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