Bitcoin finally pulled back, and Thirteen’s heart was finally at ease.
Many people are panicking and very worried about the future market trend, hoping there will be a big correction or a sharp drop.
Although we cannot predict what will happen in the future, from a probability perspective, the possibility of this happening is very small.
In this wave of pullback, market data showed that long-term holders began to cash out, rather than ETFs.
This also shows that when it came to the critical node of 100,000, there were installments among the big players, and institutions have been buying and selling, keeping Bitcoin at a high level.
Some long-term holders have begun to cash out. They believe that Bitcoin should make a correction and that it has already reached a new historical high. There is actually nothing wrong with cashing out and locking in profits.
Institutions buy and long-term investors sell. This is originally a delicate balance. If Bitcoin starts to fall sharply from this position, it will be the long-term investors who are making a profit from the institutions.
But no matter how Thirteen thought about it, he couldn't understand this logic.
Long-term investors are indeed awesome in the eyes of us retail investors, but they are nothing compared to institutions.
Institutions may not care about the profits from these scraps, they see the bigger picture.
2，
This week saw Thanksgiving and Black Friday, so institutional funds could not flow in, while the holidays and shopping would lead to capital outflows from the cryptocurrency circle. As a result of the increase and decrease, the market was suppressed.
It can also be seen from the performance of Bitcoin that, especially under the fierce impact of long-term investors, the market has experienced a wave of correction as expected.
In fact, this wave of pullback is not difficult to predict. Thirteen has already explained it very clearly in the article last night.
Where will Bitcoin pull back to? Judging from the current market, the update of the 11 billion assets below the 90,000 mark is relatively large.
This position is also a support. If this round of decline reaches this position, you can start to cover your position.
Further down, there is another support level of 87,000. When it reaches this position, it may be an excellent opportunity to enter the market.
Of course, the cost-effectiveness of buying Bitcoin at the bottom is very low. Entering the Bitcoin market at this time, when the bull market is confirmed, is a bit like joining the National Army in 1949.
The specific projects will be clearly informed to everyone within Thirteen Circles.
However, no matter what we invest in, Thirteen's principle is to invest in mainstream coins with certain value. No matter how much the junk coins increase, Thirteen will not be jealous. Everyone has their own investment margins and cognitive boundaries. The ghosts and monsters beyond the boundaries are not within our investment scope.
3，
Check with everyone again.
We are still in the first half of the bull market and the real outbreak has not yet begun. Don't lose confidence in the market because of a short-term pullback.
If the market continues to rise like this, Thirteen will be very panicked.
It is no longer consistent with my feeling about market trends, and I need to re-establish my perception of the market.
Now that the market has pulled back, I feel relieved.
At the same time, for the entire market trend, it has already risen so much. It will pull back to find support again, then fluctuate and consolidate, accumulate strength to take off again, which is very good for the bull market process.
A tall building is built up floor by floor and cannot be suspended in the air.
We all know that in technical analysis, there is a saying that gaps must be filled, and this is the reason.
The price has fallen. Thirteen's operation is to focus on the currency he is optimistic about and slowly increase his position as the price falls.
When the last bull market started, it was also at this time, Thanksgiving and Black Friday, Bitcoin pulled back 15 points, then experienced about a month of volatility, and then slowly took off.
The trend of this bull market is very similar to the previous one.
However, the decline of Bitcoin may not be that large, about 10 points will be enough, which coincides with the two support levels we judged above.
For other currencies entering the market, please refer to Bitcoin directly. If you have any questions, you can leave a message to Thirteen.
Finally, believe in the bull market, believe in Trump, believe in Bitcoin. When it falls, others will panic, but the friends in the Thirteen Circles should be excited.
