Since the market started on January 22, the strength of Bitcoin has skyrocketed, with two unexpected strong rises, a breakthrough on 2/7 and a breakthrough on 2/26. Both breakthroughs started after 23:00 UTC+8, which is undoubtedly open. There is more room for growth. This wave of callbacks will look at the support of 5.8w and 5w. After the adjustment, you can see 8.9w. However, there is a very obvious phenomenon in the Bitcoin wave since 23/5/1. The volatility has remained below 3% for 10 months (see Figure 2). This is the first time in history that the volatility has been below 3%. For such a long time (red box), the volatility in previous bull markets was often above 3% (yellow box), and even before 22/6/20 the volatility was above 3%, so an objective experience is that the operation is more difficult. Once the market starts and you don't enter the market in time, you will miss it, and then there will be a long period of narrow sideways trading. The characteristic of the crypto market is 24*365 continuity. No one knows at what moment the market will come, so you can only wait, which is the biggest cost. It's the time cost.

It is foreseeable that as the market advances and prices rise, the volatility will exceed 3%. This round of big bulls has no peak yet. #BTC