After briefly spiking to 73,000, Bitcoin has mostly fluctuated slightly around 72,000, which means the Thirteen circle is about to rise.
Previously, Thirteen said that Bitcoin would rise when it reached 73,000, and many scoffed, believing it was impossible for Bitcoin to reach that level in a short time. Now, what about now?
From 60,000 to 73,000, it took less than 20 days; as long as there is no major negative news, Bitcoin will completely stand above 73,000 in November, which means the Thirteen circle will enter a new stage, and Bitcoin at 85,000 is waving at us.
Previously, Thirteen has been instilling faith in everyone, and it was worth it; it did not disappoint the fans who read Thirteen's articles late into the night.
In this era dominated by short videos, there are really not many people who can calm down and read an article; thank you all for your companionship all the way.
Still, I say, ten years later, Thirteen will still insist on updating articles, working hard to do well, and will never get involved with ominous things.
From March until now, we have managed to hold on, as our main positions are concentrated in Bitcoin and other mainstream coins. Moving forward, we will face a new phase of the market.
Once a confirmed trend forms, our chances of making money increase significantly; everyone is welcome to support the Thirteen circle.
2,
Bitcoin has reached its previous high, and it will inevitably face huge pressure here, so it is normal to see a correction at this position.
After all, this pressure point is significant; this position is full of profit-taking positions, and there will be people cashing out. It's not just shorts that will sell; many long-term bulls will also choose to sell because everyone wants to sell high and buy low.
We in the Thirteen circle are the same; the short-term position at this level can indeed take profits, then buy back around 71,000, making a profit of 2,000 points back and forth.
Although the previous high position has a lot of pressure, there is a truth that might serve as a guide for our actions from a broader perspective.
Statistics show that in the past few months, the speed at which institutions have entered the market is far higher than that of retail investors.
In other words, institutions have begun to bottom-fish in advance, while most retail investors are watching.
The information gap advantage, resources, and capital that institutions have are unmatched by retail investors. Generally speaking, in such situations, the long-term market is usually upward.
If conversely, the entry speed of retail investors is far higher than that of institutions, it means that the market is about to enter a downward trend.
In this market, only a few people make money, and any investment game is like this; only a minority make money, while the majority lose, because only when most people lose can this wealth transfer game continue.
Imagine this: if most people in the market are making money, where does that money come from? Can this game continue?
Fortunately, most of the friends in the thirteen circle can become a minority. At least, if you don't operate recklessly, you can easily achieve your goals.
Everyone must not think that when the bull market comes, everyone can make money. On the contrary, the bull market is when retail investors lose the most.
Because market crashes always happen when you are extremely exuberant, directly kicking you from the peak to hell.
For example, Bitcoin suddenly plummets by 50%...
Such things have happened in the crypto circle. Will they happen again in the future? I don't know; although institutions like BlackRock entering the market reduce the probability of the same things happening, the boiling frog phenomenon may be more brutal, and retail investors will be repeatedly tossed between despair and hope.
3,
Let's talk about the upcoming market.
As long as Bitcoin stands above 72,450 today, it will be four consecutive days of gains.
The overall market sentiment is extremely exuberant; at this time, rational people know that a correction may already be on the way.
Most people in the market are bullish, and very few bloggers dare to be bearish because with the current trend, the chances of being wrong are high, and if you are wrong, you will be attacked.
Thirteen is indifferent because I don't take positions, just here to remind everyone of the risks, so just be prepared.
What position will it drop to? Thirteen believes that between 69,500 and 70,000 is the last stubborn point.
At this position, everyone can feel free to enter the market.
It’s quite sad to think that there was Bitcoin below 60,000 right in front of us, but we did not cherish it well. Only after losing it do we regret it. If only heaven...
The reason for this judgment is that the buying volume from the bulls does not show an expanding trend, but rather a contraction.
When the bulls attack to this position, the short-term target has been reached; at this time, it is wise to return to the camp for adjustment before the next breakthrough at 74,000.
Now the selling volume is also very low, and the bulls seem to be resting; if the bears exert a little force, it will be relatively easy to return to our target position.
Of course, we should not short when we are bearish; we should mainly focus on buying the dips.
4,
In the end, I originally wanted to talk in detail about Ethereum, but to meet the article length, I plan to discuss it in detail tomorrow.
Here, I only state the conclusion: Ethereum is not what everyone thinks it is, and Vitalik is not just focusing on romance and neglecting Ethereum.
You may have noticed Vitalik's article 'The Purge,' which vividly presents Ethereum's grand blueprint for the future before us.
In short, your uncle is still your uncle; apart from Bitcoin, he is the highest quality project.
However, the current price of Ethereum does not reflect its value; this is an opportunity for us, perhaps buying some on dips will bring unexpected surprises in the future.
In the past six months, Thirteen has faced countless insults and slanders. Now I can finally shout out loud: haters, please continue to be bearish and keep selling your holdings; be a man and don't be afraid.
During the rising market, we will also face new troubles: should we take profits? If we don't take profits, what if the market corrects?
This question is actually the same as when the market is falling; both make the same mistake: short-term thinking.
We are guaranteed to see Bitcoin above 100,000; until that price, we do not need to worry about market fluctuations.
The greatest significance of Thirteen's existence is to remind you to hold onto your quality chips and not to discard them casually.
Let's work hard together, brothers.
The bull really has come.
