In a bull market, the adjustment time of Shanzhai is generally not too long, as long as 3 months, and as short as 3 to 4 weeks.
This is fundamentally different from the monthly adjustment of more than 1 year in the bear market cycle.
So, we won't hold on for too long.
In principle, the main force will neither let us easily achieve our profit expectations nor exhaust the market sentiment.
To put it more bluntly, the main force wants to cut leeks, but it will not cut them completely. It will explode again in the future and cut the next batch of leeks. The main force will cycle back and forth and take the long-term sustainable development path.
At present, we have no other way but to move forward firmly. Heng believes that we will eventually get through it, break through the siege of sluggish prices, walk out of the darkness of washing, and usher in the light of a sharp rise in prices!
Today is a bit weird. The big cake and the second cake did not move much, while the Shanzhai fell sharply. Moreover, all signs show that the rebound sentiment of the big cake is enthusiastic! This could be a good time for a wave of bottom-fishing, as BTC price hit a strong liquidity zone of around $71,500 after the ETH ETF news, which was another trap set by market makers. Despite this, bulls have managed to keep the price above the $67,241 support level, showing a strong bullish stance. The overall market environment looks very solid, which could support further price gains and even a new all-time high (ATH).
Now that the monthly close is approaching, volatility may increase slightly, but the impact on Bitcoin (BTC) price should be limited. Trading volumes remain below the desired level as traders are uncertain about the upcoming trend. Therefore, a bullish close for the month could trigger a strong rally until the semi-annual close.
If you want to know more about the currency circle and get first-hand cutting-edge information, please follow Tianmeng. Junyangli publishes market analysis and recommends high-quality potential currencies every day.
