Use a few simple logics to understand the current market:
1. From the monthly line of Bitcoin, the bull market is very obvious. At present, the monthly line has only crossed a few lines. It is normal to consolidate near the new high, wash out the profit-taking, and provide support for the next wave of rise. As I said before, the maximum callback to 6W is the limit, and it may not reach it!
This phenomenon has appeared in the 17-year bull market when Bitcoin was 6,000 US dollars and before the second wave of the main rising wave in 20 years. Bitcoin was around 1W. (Consolidation around 1W lasted for 6 months)
2. Shanzhai must learn to delay enjoyment: the siphon effect of the big cake is still there, and the hot spot outbreak of Shanzhai is still there, but they are delayed in time with the change of cycles, especially now that there are so many leeks and so many currencies, and the main force is also waiting through washing the plate to take advantage of the opportunity to start. (The indicators of Shanzhai for Bitcoin are currently at the bottom, pointing to the eve of the outbreak)
3. Correct your mentality: Many people are now doubting that the bull market is about to end, because they are going crazy because of the torture of the market. The more pessimistic voices, the healthier the main force is washing here!
4. With so many positive factors supporting the future, the second half of the bull market is bound to come!
(1) ETH ETF
(2) Prague
(3) Expectations of interest rate cuts and the actual entry of interest rate cuts
(4) The US election obtains votes from crypto users and releases more policy positive news
(5) The Basel Committee on Banking Supervision will allow banks to have 2% crypto reserve exposure
The current stage is a typical bull market with a period of rise and a period of sideways movement, especially for copycats. In the bull market, they take three steps forward and three steps back, and then run six steps. The time for copycats to explode is actually very short. The six steps are in the last few months of the bull market, and then the whole battle is over! The logic is very clear and the goal is very clear. Making money depends on luck, and holding on depends on yourself. It's that simple!
ORDI has always been optimistic about Audi, but black swan events always make us unable to defend ourselves. Once the big cake and the second cake fall, the entire currency circle will fall. As a weather vane and a representative of the currency circle, no matter how strong the younger brother is, if the big brother is bullied, he will be beaten!
This is how the market works. No matter how resilient ORDI is, it still fell by eleven points. However, compared with other coins that have fallen by twenty or thirty points, it is indeed much stronger. Once the market returns to normal, it will still rise!
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