Many people feel that BTC has risen too sharply these days, suddenly soaring to 80,000. Everyone thought it would take a month or so, but unexpectedly it reached that in just over a week.
Earlier this year, I kept saying that we need to thoroughly study the characteristics of this bull market: First, when it rises, it’s exhilarating, never looking back, making you nervous and hesitant to jump in; Second, if it consolidates, it can be very tedious, going up and down without giving you any relief, making both long and short positions uncomfortable.
Now looking at the slope of the moving averages, it does feel a bit high, and it seems like it needs to consolidate or pull back a bit before continuing. However, just having a feeling isn't enough; it really needs to drop. Currently, BTC has formed a bullish trend from small to large time frames, and to break this trend, it has to start from the smaller time frames and do it gradually. It’s clear that the bears right now simply don’t have the ability to do that.
Recently, I plan to ambush a potential coin that is ready to explode; doubling it should be quite easy. At the same time, I’m also looking for some potential coins to hold until the end of the year, with an expected upside of over 10 times being quite feasible. Limited spots available! If you want to get in on it, like and leave a message.
