Let’s take a look at this round of market conditions. Now many people regard the $60,000 mark as the lifeline of the bull market. There are two main reasons:
1. US$60,000 is the top area of the last bull market and is also the neckline of the current technical form. Standing above US$60,000 indicates that the breakthrough of the big cycle is still valid;
2. In this bull market, the turnover rate of Bitcoin above US$60,000 is as high as 375%. The costs of active investors in the market are basically concentrated in this area. Maintaining above US$60,000 is conducive to maintaining the offensive vitality of bulls. Since February 2024, every time Bitcoin has fallen below $60,000, it has triggered a retaliatory rebound, and this adjustment is no exception, which shows that Bitcoin bulls still have the ability to defend and counterattack.
Therefore, regardless of whether a second bottom occurs or not, Bitcoin’s mid- to long-term upward trend remains unchanged.
In addition, ORDI and SATS in the big pie ecosystem have experienced significant corrections due to their excessive early growth. At the same time, currencies such as PEOPLE, BOME, and DOGE have gradually returned to their original prices.
Buffett has recently sparked buzz by selling about half of his Apple stock, worth more than $80 billion, and adding to his holdings of Chubb Insurance and Occidental Petroleum. On the other hand, Vitalik Buterin frequently transfers one or two hundred ETH from his wallet. It seems that after falling in love, he paid less attention to Ethereum.
Looking back not long ago, the interaction between Trump and Musk on Twitter Space triggered a large number of new coins on the chain, but very few were truly successful. It is no longer easy to operate in the secondary market, but the primary market is even more risky, and it may return to zero if you are not careful.
This market trend means buying big when it falls big and buying small when it falls. We only play with spot prices and not contracts! If you're ambushed, take it. This year is still a good trend
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