How will the market go next?

This is almost impossible to predict. As a long-term spot trader, the friends in the Thirteenth Circle have already accumulated enough chips at a low level.

These chips are immovable. We will consider taking profits only when Bitcoin reaches more than 100,000.

Now, affected by the good news of the election, Bitcoin has entered a no-man's land, and there is no historical data to refer to.

Thirteenth Circle has already told everyone in the circle in the morning that short-term positions can be taken profits, and long-term positions can continue to be held. The reason is also very simple. Long-term positions are the basis for making money in this bull market.

And the short-term market may sell the news, especially after Bitcoin rises to 75,000, this price has almost completely digested today's good news.

In one day, Bitcoin rose by nearly 8 points, which is terrifying.

Therefore, short-term positions can be taken profits. After a short-term surge, because it enters a no-man's land, everyone is in a profitable state, which is inevitably accompanied by selling pressure, and this selling pressure needs time to digest.

So the market may have a wave of correction.

As for where the correction will be?

Thirteen believes that if it can return to the range of 69500~70000, it will be a good opportunity to enter the market.

If the market can stand firm at 74000, then the possibility of continuing to go up is relatively large.

However, the current market trend is still unclear, Thirteen does not recommend that you chase high to enter the market. At this time, you might as well wait patiently to see how the market will choose.