$BTC

Why is this round of market so difficult?

(1) The previous round of market rose too much

There should have been a big wash in January, but there was no adjustment, so the adjustment did not start until March. This adjustment should be an unprecedented big adjustment. So I said in the previous article that I would buy the bottom when the copycat leader ORDI adjusted to 20u.

(2) Deleveraging

Too many long contracts have accumulated, and there must be a huge amount of liquidation. As a result, August 5th was the time with the largest liquidation in the history of the currency circle. Since it is the first in the currency circle, I think it is impossible to appear below 49,000 in the short term. In other words, the bottom is 49,000. The so-called recent second exploration should not be lower than 49,000, and the limit position is 50,000+.

(3) The current position is near the high point of the last bull market, and there are still many locked-in positions to be washed out, so there must be rebound adjustments and fluctuations.

This needs to be extended, so don’t feel strange even if there is continued fluctuation in September and October. This is a good thing. The longer the accumulation time, the stronger the subsequent explosion, and the more you earn by playing the copycat. As for why I chose the key copycat not the public chain, not the chain game, not the meme, nor the L2, but the inscription in the big pie ecosystem. The main reason is that this is the core narrative. AI is not considered a core narrative, but only a secondary core narrative. The core of the core is the leader of the inscription. The most important thing is that the inscription track is fully adjusted, which gives people a sense of security and confidence.