Bitcoin is pulling back!
Many friends are afraid and worried that there will be a big drop next. But to be honest, who can predict the future? But in terms of probability, the possibility of a big drop is really small.
This time, the data shows that those who hold for a long time are cashing out, not ETFs. At the 100,000 mark, the big players began to disagree. Institutions kept buying and selling, and Bitcoin has been maintaining a high level.
And those big guys who have held for a long time think that Bitcoin should pull back. After all, it has reached a record high. There is nothing wrong with cashing out and taking profits.
Institutions buy, long-term investors sell, this is a balance. If the pullback starts from here, long-term investors will make a profit from the institutions. But to be honest, I still can't figure this out. Long-term investors are good in the eyes of us retail investors, but they are still a little naive in front of institutions.
Institutions may not care about this small profit at all. They have a long-term vision.
Let's talk about this week. With Thanksgiving and Black Friday, institutional funds can't come in, and holiday shopping makes the cryptocurrency funds flow out. This increase and decrease suppresses the market.
Look at the performance of Bitcoin. Once long-term investors hit it, the callback comes. In fact, this callback is not difficult to guess.
Where will Bitcoin callback go? Now it seems that it is very likely to callback to 90,000 and harvest the 11 billion assets below. This position is a support, and you can cover your position if it falls here. Going down further, there is another support at 87,000, which may be a great opportunity to enter the market.
Of course, there are not many Bitcoins that are bottom-fishing. If you enter the market at this time, you must be cautious if the bull market is confirmed.
I will tell you what specific projects to invest in. But no matter what I invest in, my principle is to invest in mainstream coins with certain value. No matter how much the junk coins rise, I will not be jealous. Everyone has their own investment boundaries and cognitive boundaries. We don't touch those that exceed the boundaries.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
