This weekend was not peaceful. #BTC🔥🔥 After breaking through 38500 on Friday

After a short day of sorting, another wave of charge began on Saturday night.

This morning, it even broke through the integer mark of 4W.

When I was chatting with my friends in the group on the weekend, I said

Here, either it doesn’t reach 4W, which will make those who are waiting to short at 4W miss out.

Either it goes up to 4W, or it goes up a little further to pull down those who are short at 4W.

At present, the main force chooses to go up to 4W

Then there is a possibility that we can continue to push upwards.

Judging from the current market situation, I think this last wave may be unstoppable by 4W2

This wave of bullish market that started from 25,000 has not had a decent pullback so far.

Combined with other factors such as the funding cycle issues of many institutions after entering December,

I personally think there will be a callback here.

The most difficult thing at the moment is where the main force will pull to before the callback. None of us knows

The old shorts have already died, and now the only ones left are the new shorts that entered at 40,000.

If we want to kill this wave of shorts,

Personally, I think the range of 40,300 to 40,500 is worth paying attention to.

Once this wave of new shorts is killed, it is estimated that there will be few retail investors who dare to short.

After Bitcoin reached 40,000, many people should have started to trade more

The constant lack of opportunities has caused them to be in a state of anxiety.

When the price reaches above 42,000, they may not be able to resist buying more.

This should be the time for the main force to close the net.

Many people say that this is a bull market, but I personally don’t think so.

A distinctive feature of the bull market is that new narratives and hot topics are constantly emerging.

What is the current narrative in the cryptocurrency world besides an ETF?

Just relying on the narrative of ETF, the main force has pulled the price to more than 40,000, which is not easy.

If you say that the price of Bitcoin can reach 60,000 or 100,000 based on the single narrative of ETF, I don’t believe it anyway.

So the current market has reached the end of the stage, just wait quietly for the top to appear

It is not impossible to go long at this position.

But you have to run fast, there is not much space left.

Take a bite and run, do short-term, you can still go long