Bitcoin encounters resistance, the time to buy the bottom is ripe!
Yesterday, Bitcoin tried to break through the resistance of $67,000 several times, but failed.
However, at about 8 o'clock last night, its price began to fall, and as of 4 o'clock in the morning today (25th), it fell to $63,602.
Buying the bottom is a word you often say. Now that the bottom is here, why don't you dare to buy it? If you want to avoid blind fantasy and FOMO, how can you grasp the entry time with evidence?
Here are some entry experiences summarized through two years of halving data, which you may use at the halving node.
The trend of currency prices is always unpredictable, and investors are always looking for the perfect buying point. Although many people use "buy the dip" as a mantra, if you ask them why they buy at a certain point, they often can't explain it.
When you don't make independent decisions, but go with the flow, you give market manipulators opportunities and are likely to be eliminated in the fierce bull market.
Therefore, give up fantasy, don't try to buy the bottom, and use strategies to get as close to the bottom chips as possible.
According to the two-year halving data, the bull market usually lasts 18 months and can be divided into two stages: the first 14 months are the stage of accumulating chips, and the last 4 months are the period of the outbreak of altcoins.
For these two stages, different buying strategies are recommended:
The first 14 months: This is the period of accumulating low-priced coins. Through the leaks in this stage, gradually increase the holdings in the portfolio and lay out the future bull market.
The last 4 months: This is the peak period of the outbreak of altcoins. Pay close attention to market changes and cash out in time at the peak of the bull market to ensure maximum harvest.
This round of bull market started in September 2023 and has lasted for about 8 months. Although this bull market may be shorter than before and is expected to float within 2-3 months, the overall trend and timing are similar to before.
Therefore, at the current stage, it is recommended to continue to look for opportunities for low-priced coins and gradually increase holdings. In the final stage of the bull market, seize the opportunity of the outbreak of altcoins and cash out at the best time.
There is no direction! Long-term profit is the right way!
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The market is ever-changing, so be cautious when investing
