April 14, 2024 Grandpa checks in
"414" has once again become a day that B-circle people will never forget. After experiencing a big drop yesterday, a big negative line fell from the support of 66,000 points in the early morning of this morning, and the lowest hit the integer support of 60,000 points. Although Bread has rebounded above 64,000, the already fragile market has been dragged down by Bread again and experienced a second plunge. In yesterday's article, I also mentioned this possibility and suggested that everyone wait until it stabilizes before buying the bottom. At present, Bread has led a decline in the market, and the price and cost performance of the copycat has fallen.
Although Bitcoin participated in this big drop early this morning, it is obvious that Bitcoin's bottom-fishing power is much stronger. On the contrary, the price of copycats has experienced a continuous decline, which is terrible. I took a quick look at the mainstream and copycats I kept, and the prices were generally "halved". This kind of decline is what I have always thought to be a more lethal market, and now it has really come. It's just that this wave of Bitcoin's rebound is not like the past. In fact, if you only look at the decline of copycats, these two consecutive declines can be classified as the "312" market.
Generally speaking, this wave of continuous decline ends here. The killing force this time is so great that the market is full of bloody chips. If you strictly follow my rhythm to reduce your position in the early stage, this wave should be relatively comfortable. Since the market has given you an opportunity, you must buy at the bottom. The price of big cake is still in a bull market, so the rebound of the cottage can still be expected. I will not recommend specific targets here. There are high-quality chips in the market. According to your own understanding and preferences, the funds are relatively dispersed.
The next market trend will most likely require a repair process, which may take 1-2 months or even half a year. However, considering that Bitcoin did not fall this time, this repair process should not take too long, because once Bitcoin's price moves out of a new trend, the cottage industry will follow. At present, the key to the market is Bitcoin. If Bitcoin falls back to 60,000 this time and can reach above 75,000 again in the future, the bull market will continue. On the contrary, if Bitcoin plummets again, it will turn into a bear market. But do you remember what I said before? This year's market will be dominated by wide fluctuations. The decline in the past two days belongs to this situation. You must dare to buy when it falls sharply.
Thank you for your attention and likes.