Liang Xi expressed a very awesome point of view early in the morning
Good morning, I just analyzed the market for my friends, let me tell you about the market cycle of the market. It took nearly four months for Bitcoin to fall from the peak of 73,000 to 53,000. I originally expected that June and July would usher in a violent bull market and start a super bull market, but the reality is cruel. Bitcoin failed to break through the peak high of 73,000. It has been falling since the end of May and the beginning of June, and has retreated as much as 35% so far!
It reminds me of the saying that in this market, we must always respect the market and never have illusions or blind optimism. We must prepare for the worst in order to survive in this bloody market. Market sentiment is fickle and can turn from optimism to pessimism in an instant. But I firmly believe that the bull market is still there.
At present, the monthly support has not been broken, which is also the last bottom line for me to stick to my faith. So every time in the member group, I will ask my friends to buy goods in the 51000-49000 area. As long as the monthly closing line does not fall below 49000, the bull market is still there. Then our chips may be the bottom. Even if the monthly support is really broken this month, we will not lose too much when we leave the market. This is also the worst plan.
The more such an environment, when all kinds of bad news come, we may still be asking around whether the market will continue to fall. Maybe those big dealers have already started buying, isn’t this a true portrayal of the current currency circle?
