Bitcoin finally pulled back, and I finally felt relieved.
Many people are panicking and very worried about the future market trend, hoping there will be a big correction or a sharp drop.
Although we cannot predict what will happen in the future, from a probability perspective, the possibility of this happening is very small.
In this wave of pullback, market data showed that long-term holders began to cash out, rather than ETFs.
This also shows that when it came to the critical node of 100,000, there were installments among the big players, and institutions have been buying and selling, keeping Bitcoin at a high level.
Some long-term holders have begun to cash out; they believe Bitcoin has reached the point for a pullback and has already hit a historical high, cashing out some for safety, which is actually not a problem.
Institutions are buying, long-term investors are selling, which was originally a delicate balance; if Bitcoin starts a deep pullback from this position, then long-term investors will be cutting the institutions' leeks.
But no matter how I think about it, I just can't understand this reasoning.
Long-term investors are indeed very awesome in the eyes of us retail investors, but in front of institutions, they are just small fries.
Institutions may not care about these corner profits; they see further horizons.
2. This week coincided with Thanksgiving and Black Friday; institutions' funds cannot come in, and the holidays and shopping lead to capital outflow in the crypto circle, resulting in pressure on the market.
From Bitcoin's performance, especially under the fierce impact of long-term investors, the market has indeed experienced a pullback as desired.
In fact, this pullback is not hard to predict.
Where will Bitcoin pull back to? Currently, from the market perspective, the pullback to 90,000 has a larger potential to harvest the 11 billion assets below.
This position is also a support level; when the drop reaches this position, it's time to start accumulating.
Further down, there is a support level at 87,000; when it reaches this position, it may be an excellent entry opportunity.
Of course, the cost-effectiveness of bottom-fishing Bitcoin is very low; entering Bitcoin at this time, while the bull market is confirmed, is a bit like joining the national army in '49.
I will clearly inform everyone about what specific projects.
However, regardless of what I invest in, my principle is mainstream coins with confirmed value; I won't be envious no matter how much junk coins rise; everyone has their own investment boundaries and cognitive limits, and anything beyond those boundaries is not within our investment scope.
3. Let's confirm our perceptions again.
We are still in the first half of the bull market, the real explosion hasn't started yet, don't lose confidence in the market because of short-term pullbacks.
If the market just keeps rising like this, I would be very anxious.
It has already diverged from my feeling about the market trend; I need to re-establish my perception of the market.
Now that it has pulled back, I feel more at ease.
At the same time, for the overall market trend, it has already risen so much, a pullback to find support again, then consolidating and gathering strength to take off again, is very good for the progress of the bull market.
A tall building is built layer by layer, not suspended in mid-air.
We all know that in technical analysis, there is a saying that every gap must be filled, and this is the reason.
It has dropped, and my strategy is to focus on the coins I like, gradually increasing my position as it drops.
The last bull market started around this time, Thanksgiving, Black Friday, Bitcoin pulled back by 15 points, then experienced about a month of fluctuations, and then slowly took off.
The trend of this bull market is very similar to the last one.
But the drop in Bitcoin may not be too large, around 10 points is about right, coinciding exactly with the two support levels we judged above.
The key point is coming:
Next, I, Brother Leopard, will lead you to layout several coins expected to rise over 60%. Don't blindly follow the trend anymore, follow my steps, and achieve wealth leaps together. Type '🎉' in the comments, and I will personally take you on a wealth journey.
At the same time, don't forget to pay attention to: doge, sui, cow, mask…
