Trading is always about the present; you sing whatever song fits the mountain you're at. Who is buying Bitcoin at ninety-five thousand? Bitcoin is rising, and even if we say that daily divergence is trading time for space, it continues to rise. Who is buying Bitcoin again? Who is secretly going long? Everyone is very curious about how long this rise can last. As Bitcoin approaches one hundred thousand dollars, this also suggests that Western capital is flowing from the dollar into cryptocurrencies. This trend has far-reaching implications for the global economic landscape. If this trend continues, it will challenge the core of the existing financial system—the status of the dollar. As funds flood into the crypto market, it should be no problem for Bitcoin to break through one hundred thousand dollars with less than ten days remaining in November 2024.
In the current market, there are many cryptocurrencies undergoing significant adjustments, while Bitcoin quietly rises. Most cryptocurrencies are experiencing slight adjustments, and Ethereum is particularly scary, still hovering around three thousand dollars. Given the chaotic state of the altcoin market, it's understandable that Bitcoin is thriving, but fundamentally, the frequent unlocking and increased market circulation are causing many trapped investors to lose their funds, including large institutional investors who have no idea which coin will be delisted tomorrow. Additionally, the rampant issuance of new coins by project teams, with new coins flooding the market, and the 2024 crypto market seeing new coins released all following the trend of newcomers taking advantage of the primary market while the secondary market is cutting losses among the naive. Therefore, the 2024 crypto market will test your cognition, experience, ability, mindset, and network, especially remember this: people can never earn money beyond their own understanding!
We have seen this kind of wash trading many times before; altcoins and mainstream coins only rise when Bitcoin shows a premium during its rise. However, this time, Bitcoin is the sole performer in the market, indicating that it has not yet reached a premium. Therefore, it is highly likely that Bitcoin will surge above one hundred twenty thousand dollars, and I believe the altcoin season is coming soon. If Bitcoin pulls back this time, that would be better, but currently, there are no signs of a pullback, and it continues to choose high-level fluctuations. The wash trading is very, very obvious now. We cannot change the market trend; all we can do is go with the flow, either holding coins to wait for favorable conditions or standing aside to watch the fire from across the river!#BTC再创新高97k $BTC