How long will the shock last? When can we buy the bottom?
The Bitcoin price hasn't fallen much recently. The Shanzhai price has fallen like shit, so we should wait patiently for the market to emerge. At present, it is tending to fluctuate downward. If we want to strengthen, we must break through 70,000 with a large volume. Tether also issued another 1 billion U on the Tron chain a few days ago. The possibility of institutional whales entering the market to buy the bottom cannot be ruled out. The main force pulls the market to bring about a money-making effect, which can cause resonance.
In the future, we must pay attention to Bitcoin falling below 63,000. There was a 30% retracement after the halving in 2016, and a 20% retracement after the halving in 2020. After the halving, the mining cost increased, and miners will also selectively sell. (Strategy Introduction)
Whether from the weekly or daily level, the third wave of the wave theory has ended. It is now the fourth wave of adjustment, which has been almost 100 days. Perhaps the market will start to rise again after the European Cup. As for why it started to rise after the European Cup, it is because the big funds went to gamble on football. After the end, the big funds will flow back to the currency circle. The end time is July 15th. Wait for the flowers to bloom!
