After Bitcoin breaks through 70,000, will the market start to accelerate?

Since March, this is the fifth time that Bitcoin has hit the trend line and the fifth time that Bitcoin has hit the 70,000 level. Here is a brief explanation of why we believe that Bitcoin will reach the 70,000 level this week.

Trump's speech is a good test. The market makers use it to test the overall market. The market makers use Trump's speech to touch the trend line twice to test the selling pressure, testing up and down, and the amplitude is not large.

The first abnormal point is that during Trump's speech, the price of Bitcoin did not increase by more than 70,000 yuan, and the hourly line amplitude was too low. If the dealer wanted to cheat, he would definitely use Trump's speech to tell a story, pull the price above 70,000 yuan, cheat the contract to open an order, and then cut it down.

In fact, there is no, which means that the banker does not want floating chips. From this, we can see that the rebound and rise after the sharp drop in early July are not considered to be a scam by the banker, and the average volume is also higher than that in May and June.

Especially the 70,000 position, which is too critical. It takes a lot of real money to break through here. The dealer is unlikely to spend money here and waste time. So much money is spent just to prepare for the breakthrough.

BTC 100,000 USD, witness the violent bull market!

Bitcoin is expected to reach 100,000+ by the beginning of 2025!

100,000 is an important milestone of historical significance. Between 2015 and 2017, everyone’s slogan for the big cake was 100,000.

Now Bitcoin is about to reach the 10th stop, but most of those who shouted slogans got off at the previous stop. It will be the same in the future. Every time it reaches a stop, a large number of people will get on and off. Perhaps the only one who can accompany Bitcoin to the end is Satoshi Nakamoto.

The significance of the 10w threshold:

1. External media coverage will be wider and traffic attention will be higher

2. People in the circle will keep pushing to commemorate this moment and reach a climax of emotions.

3. The most important price point in Bitcoin’s history.

The core of this level is to push up the sentiment + drive the flow of traffic. 10w is the best price node for the main players in the currency circle to hype the copycat, because the sentiment and traffic are high, the copycat can be played, and the main players are willing to follow the trend and earn more profits.

Looking at the news this week, everyone is paying attention to the Federal Reserve’s announcement of interest rates (August 1) and non-farm data (August 2), which will have some impact on market fluctuations.

Position and timing are more important than what coin to buy!

How to understand it? You chose the right coin, and the coin increased 100 times, but you only bought 100 yuan, so you earned 10,000 yuan. I bought the same coin as you, but I sold a house and bought 1 million yuan, so I earned 1 small goal. So I am free, but you are not.

And why is timing important?

If you buy a coin, and it plummets 50% right after you buy it, then goes sideways for three months, and finally soars 100 times, you will probably have sold it when it plummeted 50% and went sideways. You won’t be able to wait for the final fruits unless you understand the project, you have confidence that it will definitely return in value, and you are a die-hard holder.

Therefore, to be free, there are three steps: choose the right currency, take a large position, and hold on to it!

Most people in the cryptocurrency circle are used to buying a coin and then waiting for it to rise.

There is no big problem with currencies like BTC and ETH, but it would be terrible if you do the same with meme!

Think about a powerful coin like BOME. Those who got it in the first two days did not lose money, but most of those who got it later had to endure sideways and declines.

How many meme coins are there in this circle? Ten thousand are issued every day. Don’t do value investment.

Meme coin: double the capital, retrace to stop loss, don’t fantasize!