Bitcoin is only 2000 points away from the 70,000 mark‼️‼️ Could it break through directly⁉️
It's been nearly 3 days of consolidation, and during this time, various experts have started claiming that their particular altcoins are taking off again to cut the retail investors🛫 I can understand, the perpetual profit masters can't say they are making money with Bitcoin and Ethereum right now, so they turn to talk about altcoin profits to cut the retail investors 😂 But I'm a bit foolish; I've said before that I won't promote altcoins recklessly, and I won't start claiming I'm investing in some altcoin to make a fortune when there’s no market, I'm just an honest person, practicing what I preach; otherwise, how could I make money in trading? 🙃
Back to Bitcoin's market, it's actually not far from the 70,000 mark, just 2000 points away. So in September, I kept telling everyone not to think that it's difficult for Bitcoin to break through its historical high, if you look at the market rationally, it's just 6% of 3 daily candles‼️ Right⁉️
Three daily candles closing at 6% is quite common, so when many friends asked me if they should sell their Bitcoin, I clearly answered them, don't worry, returning to around 70,000 is not a problem, and look, isn't it here now⁉️
So I still want to emphasize the core of trading, everyone shouldn't fall into numerical traps, like this time many people missed out because they felt that going from 60,000 to 70,000 or even a new high was difficult, but if you look at it rationally, as I just said, it's incredibly easy. I will also review some of Bitcoin's historical performances after consolidating around 70,000, and you can see that it almost always creates a wave of consolidation using retail investor psychology before breaking the 70,000 mark in one go. Of course, I'm not telling you to blindly chase highs, but rather to advise you to not let numbers influence your mindset ⚠️
Can't post the chart, please refer specifically to Bitcoin's consolidation trend from May 16 to May 20 🙏 Don't guess the top and short
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