The $BTC in 2024 will never be 100k, after last touching the peak of 99600, $BTC entered a downward correction period, and now is once again generating a rising trend, triggering an explosion of extreme greed in the market.

That's right, $BTC , which is infinitely close to 100k, is always more tempting than 100k BTC. With such sentiment backing, a sell-off drop 📉 can yield the greatest benefits.

Someone always has to take over, and this BTC, which is less than 100k but very close to it, is the most tempting bait, making people rush to take over and buy.

Imagine this, the extreme value of BTC in this cycle is 146k, which is an ideal limit derived by some institutions based on the current savings asset situation. Climbing to 100k BTC will trigger selling pressure, and a considerable number of people will turn to shorting. At this point, in a downturn, the profits of the operators will be divided among the bullish forces while also being eaten by the bears. Such a situation will undoubtedly lead to operators not choosing to do so. And if they want to blow up the bears, there is not enough space above.

Therefore, capital will inevitably choose the previous high of 99600 as bait, once again displaying a rising trend to attract funds to take over, and then comes the drop and sell-off, harvesting profits.

I have great confidence that after Trump takes office in January next year, it will break through 130k. Therefore, before the next more intense bull market surge, there must be a deep correction, as it is unrealistic to rise from 67000 to 130000 all at once and continue to rise for half a year. Where will the liquidity come from in between? Therefore, this rise cannot break 100k. Once it breaks, to trigger the sell orders at 100k from the shorts, it must rise to around 120k, which will leave no upward space or adjustment time in January next year.

In summary, my view is that during this enticing upward trend, I will gradually build short positions and sell at key resistance levels, welcoming the upcoming significant drop, which is expected to fall to between 73000 and 80000, and then proceed to the next round of bull market rise.

The bull has been dead for a long time, and the slow release of goods from the farm has masked the stench of the dead bull, allowing everyone to sit together excitedly waiting for the bull to lead them to acquire more wealth. However, what they received was only the corpse of a bull with a foul smell and hungry bears rushing towards them.

Today, many altcoins have started to activate one after another, and the trend of BTC and the rise of ETH 📈 have clearly told us that the market has shifted from $BTC to $ETH and altcoins here. The upcoming trend is also very clear: BTC is consolidating at a high level between 96300-97300, while ETH will continue to rise, and altcoins that have dropped to support levels will gradually start up.

As mentioned earlier, I still do not believe BTC will break 100k this month. During this high-level consolidation period, the rebound of ETH and altcoins does not indicate the next round of BTC's rise, but rather suggests the end of this bullish phase.

In summary, during this period, it is advisable to consider opening short positions at BTC's resistance levels during its consolidation, and to moderately go long on ETH. After the rebound of altcoins and ETH, BTC will enter a downward phase for a deep correction, likely retesting 87000, in preparation for the rise when Trump takes office in January next year. Next year will be the best time to break 100k #山寨季來了？

$BNB #BTC能否站稳6W6
Remember, standing on the wind, even pigs can fly. Every era has its own opportunities. Big opportunities are rare, but small opportunities are everywhere. Every ups and downs of the curve are small opportunities to make a fortune. Seize the opportunities of every day, and you will be the one who turns over.

[Review of Digital Currency Investment]
If we go back to the early days of Bitcoin (BTC), that is, between 2009 and 2010, assuming that someone bought Bitcoin at a price of RMB 5,000 and has held it until now, what kind of returns will this initial investment bring?

Considering the huge volatility of Bitcoin prices and its price performance in different time periods, the specific returns will depend on the specific price at the time of purchase and the current price of Bitcoin. For example, in the early days of Bitcoin, the price of 1 Bitcoin may be only a few yuan or even less. Therefore, RMB 5,000 can buy a considerable amount of Bitcoin at that time.

Taking historical data as a reference, if you buy at a very low price (such as a few yuan in 2010), as the price of Bitcoin soars in the following years, this investment may increase thousands of times or more. For example, by 2021, the price of Bitcoin once exceeded $60,000, which means that even a small amount of Bitcoin may be worth millions of RMB.

However, it is worth noting that the above is only a theoretical calculation, and the actual situation will be affected by many factors, including but not limited to Bitcoin price fluctuations, market conditions during the holding period, and whether it is continuously held without being sold. In addition, investing in any type of asset is risky, especially in the cryptocurrency market, so investors should always be cautious and make decisions based on their risk tolerance.