In the short term, the market is still facing the pressure of 10 billion selling pressure in Mentougou.
This is an uncertain factor. To what extent will the market be suppressed by these 10 billion? Of course, not everyone will sell the chips after getting them, but think about it from another perspective. If you are in a drought and then meet a rain, will you drink a sip of water to moisten your throat?
Especially when Bitcoin has been at a historical high for a long time.
At least more than half of the investors will choose to sell.
So we have to guard against this and should not be overly optimistic.
Of course, in the long run, we still see a violent bull market. Some people call the market in the past few days a bull market. How far is this?
The real bull market in the currency circle is that Bitcoin directly soars to 80,000, 90,000, and 100,000.
Ethereum directly doubled, which is called a bull market. Now this market can only be regarded as parallel fluctuations. The market is crazy changing hands here, piling up chips, and pushing up the market value.
The market will still toss and turn, digest the bad news, and then start a bull market.
It will not be smooth sailing in this process. The market will rise and fall, and we will be shaken off the boat if we are not careful.
Therefore, all the long-term positions of all the friends in Thirteen Circles must be held tightly regardless of whether they rise or fall.
Short-term profit taking is temporary.