Hello, fans and friends, welcome to the president's channel
Yesterday, the price of Bitcoin was in a sideways trading mode, with basically few fluctuations. Yesterday, the price fluctuated in the range of thousands of points. In fact, the fundamental reason is that the previous surge and plunge caused it to have a shock repair market in the past few days. The trend of Bitcoin cannot rise or fall all the time, right? Right? It must be sideways during the surge and plunge, and then continue to surge and plummet after the sideways trading. The current first support level is around 60,500. If the price of Bitcoin forms a long negative line after the shock and then cannot make up for the rise and repair the indicators, then there will be a possibility of continued decline. Therefore, it is more important to pay attention to whether the price can stabilize at the bottom of the shock box range. The first short-term resistance is 61,100, and the second resistance is 61,700. If the price can stabilize in this range after breaking through the first resistance level, then Brother Wolf will maintain a short-term bullish view.
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
Rekt Capital, an anonymous cryptocurrency trader, said Bitcoin perfectly repeated its 2016 history, with a downtrend candle below the bottom of the current re-accumulation range within three weeks of the halving. Rekt said the re-accumulation range at this point in the cycle is any price below $61,081. Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed to the decline in price from the all-time high (ATH) chart (a measure of Bitcoin's decline from peak to bottom in a specific time frame) as an indicator that Bitcoin's current price could rise nearly six times by early 2025. Based on adoption and previous withdrawals, we can guess that the peak of the cycle in the next nine months will be between $175,000 and $350,000. Brothers must hold on to the chips in their hands and don't get off the bus easily, which may cause the situation where you can't get on the bus after getting off. The big cake falls fast and rises fast. Once there is a big surge, there will be a continuous rise. The car door is directly welded.
There is another piece of news that the president thinks brothers can pay attention to
Crypto analyst Yashu Gola wrote that Bitcoin's annual volatility has dropped below that of well-known technology stocks such as Tesla, Meta and Nvidia, marking its gradual transformation into a more mature and stable asset class. According to a report by Fidelity Investments, Bitcoin's volatility has been lower than 33 of the approximately 500 companies in the S&P 500 index, showing its stability. In addition, the decline in Bitcoin's volatility indicates that investor sentiment has shifted in a positive direction, which may trigger a sharp rise in prices. With the approval of a variety of spot Bitcoin trading products in the United States, it is expected that important institutional investors will join in the coming months. These institutions usually have strict risk management regulations, and low-volatility asset classes are more in line with their investment strategies. Analysts pointed out that Bitcoin's stable growth may mean that it is gradually maturing and is expected to bring a historic price surge. Bitcoin prices are expected to rise to the range of $100,000 to $150,000 in the future. The big cake has now begun to move from under the table to the elegant hall. What the president wants to tell the brothers is to seize the opportunity and seize every opportunity given to us to get on the bus.
Don't scream and shout when the price drops a little. Stick to your own beliefs and recharge yourself!
Contract: The president’s suggestion is still to go long at a low position in the long term, and don’t make orders blindly in the short term. The precise position will be given in the community later. When the price of the big cake is around 58,000, brothers can boldly enter the rudder!
In terms of altcoins: Brothers can consider ambushing Ethereum Layer 2 appropriately, and try not to touch the contracts of meme coins, AI tracks, and altcoins. Spots must also be equipped with stop losses, and don't be too greedy, don't think about eating a fat man in one bite.
