Don’t be impatient, be a patient cheetah, the target is 55,000!

Why do I keep repeating that it will be around 55,000?

First, when it reaches this position and after the shock wash, most people will be thrown off the bus. Although it continues to fall, judging from the sentiment of social media such as Twitter, there are still many people who firmly hold and seek to increase their positions. At the same time, the decline and shock are also to clear the previous profit-taking.

Second, from a technical point of view, the $BTC weekly line shows a secondary bottoming trend, and it is at a Bollinger band lower track position near 55,000, and the Bollinger band is currently closing, which often means that there will be a change in the market in the near future.

Third, from a macroeconomic perspective, the US interest rate cut is a foregone conclusion. The high platform of domestic debt in the United States can no longer support the long-term high interest rate policy. The interest rate cut wave has not yet come, so how can the bull market be said to be over?

Therefore, in my personal opinion, I think that around 55,000 is a large long-term historical bottom of this round of bull market. I hope everyone can seize this opportunity. Of course, you can also choose to increase your position on the right side and wait for the market to improve before increasing your position to buy the bottom.