The Bitcoin trading zone has formed. After nearly a month of market trends, it can be seen that Bitcoin has established a consensus range in the market, which reflects the Bitcoin price that the general public is more willing to accept.
The range of 90,000 to 100,000 is currently the consensus price for Bitcoin. I believe this price does not represent the true value of Bitcoin. In my opinion, the current price is relatively high and will not stabilize for long. As the market gradually becomes rational, those who have made profits in the short term will not see Bitcoin continuing to rise and will gradually sell off their Bitcoin, waiting for the next market movement. That time point will be when the Bitcoin price returns to its value stage.
Many people may ask what price of Bitcoin better reflects its true value? This is difficult to answer because there are too many factors involved, primarily depending on U.S. economic policy, which can fully determine the size of Bitcoin's value. The United States is the world's financial hegemon and has always been, so the blockchain industry is no exception. Otherwise, why do all cryptocurrencies represent the US dollar rather than benchmark against gold or other national fiat currencies?
I entered the cryptocurrency space from the traditional financial industry not to gamble but to understand one thing: the risks here are greater, but for ordinary people wanting to turn their fortunes around, the opportunities are also significant and very worth the gamble! This world has always been harsher on those at the bottom; the fewer opportunities there are! This is also the fundamental reason why many people find it hard to make money and change their fate! The upper class only needs to maintain balance, while the lower class must give their all; a desperate gamble might just provide the opportunity to reach someone else's starting point. This is fate; you gamble with your luck!
Having said so much, it may be of no use to trading. I just want to tell everyone that in trading, we do not need to rely on gambling; there are indeed methods that can turn trading into our printing machine! Mastering the way, anyone can do it, and I hope you can understand!
In the past few days, pay more attention to Bitcoin's market changes, see if the 100,000 point breaks, and in what way it breaks before deciding on the subsequent trading operations. If there are no market changes, only range fluctuations, try not to operate. Once the market changes and declines, there is still a lot of space; many times waiting is also the best trading strategy. What do you think? $BTC $ETH