Will Bitcoin double or waterfall in July? Is it a good time to enter the market now?
It should be noted that before the waterfall market started in 2018, volatility also fell to a new low, which shows that low volatility often indicates that a big market is coming, rather than the only criterion for market ups and downs.
Volatility reflects the magnitude of market changes, but many people think that the fluctuations in recent days have been quite large.
However, in reality, when the real trend market comes, the price of BTC may fluctuate violently by tens of thousands of dollars in a few days or even a day, and it may double or halve in just 15 days.
Therefore, in comparison, the current volatility may be just a calmer part of the mainstream market.
When looking at future trends, the release of July non-agricultural data will become a key node for market changes. Some signals have appeared recently, prompting us to pay close attention to market changes.
There are two main possibilities for the next bull market trend: one is to break through $57,000 and then pull back to a certain support level to oscillate, and finally pull up; the other is to oscillate around the current position of $61,000, and then gradually start the main uptrend.
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Short-term swing opportunities are relatively difficult to capture. Investors can carry out bottom-fishing operations in batches according to their personal circumstances and positions. The current market changes are roughly like this. You can first operate part of the position and keep the remaining position for possible breakouts and declines.
Either choose an aggressive strategy, that is, wait for a possible breakout and decline with an empty position, and then bottom-fish when the market falls to a low point.
Or choose a direct entry strategy, regardless of whether the subsequent market will break out and fall, as long as you wait for time after buying.
