BTC daily trading volume explodes‼ ️‼ ️‼ ️
May explode quickly, can we enter the market to buy the bottom in the next bull market⁉️⁉️
The daily trading volume of Bitcoin and Ethereum has increased by about 40% compared with the previous one. The idea of retail investors entering the market to buy the bottom has begun to increase significantly, because everyone thinks that buying at this position is profitable. In fact, I think it is not very appropriate to buy the bottom of Bitcoin near 62,000, especially now that the position of 62,000 is easy to continue to be trapped, and the cycle of being trapped will be longer. The current structure is similar to a double top structure. From the vicinity of 70,000 to 62,000, the overall decline is only about 13%. 📉
In general, the decline is not very large. You are not buying the bottom at this position. The cost performance is not very high. It can be regarded as a halfway rise. So if there is a subsequent correction, it is very likely to pull back to the 50,000 area, and the 62,000 area is very likely to not be able to rise for a long time, so it is possible that you may be killed if you buy the bottom at 62, although there is a high possibility of making money, 62,000, because it should rise above 70,000 and rise to around 80,000 in the future, but overall it will definitely experience a wave of wash-outs, and after falling to about 50,000, it will be washed back and forth for about a month. So it is definitely not appropriate for you to buy the bottom near 62,000, and you may end up getting cut. 💰💰
