Bitcoin has fallen back to $60,000 for the fourth time on the daily chart, and there is no clear sign of a stop in the short position.

Although it looks dangerous, if you look closely, the bears are not as strong as in the previous three times.

On the contrary, the three rises of the bulls all broke the previous high point, which is enough to show that after the market fell sharply on August 5, the bulls began to gradually recover.

At present, Bitcoin is undoubtedly still fluctuating here. Although the price has not broken the previous high, it has once fallen below $50,000, but it quickly recovered.

Overall, although the trend of Bitcoin gives him a very dangerous feeling, combined with the overall trend, BTC is still in a bull market.

It's just that this year's Ox is walking in a very bumpy way; it looks back every three steps, making it difficult for people to build confidence.

This year's copycat trading is the most difficult one to play. It is basically a wave of market conditions that has reached its peak. If you are a little greedy, the previous profits have been largely lost.

So if you want to get results from copycats this year, you need courage when buying and skills when selling.

With the entry of capital, the investment mentality of each person is increasingly required. Sometimes the technical side thinks it is OK to go, but the market sentiment is very hot. This inner struggle can easily make people lose their direction.

I am bullish in 2024, but many people do not think so; because of the opinions of people around me, the price of Bitcoin continues to fall, and it has not stopped falling after more than 6 months of fluctuations, and the altcoins have not improved. These factors are facts in front of us, and we have to worry about them.

This may be the main reason why a large number of people have anxiety. The main reason why I don’t have this anxiety is one

People in my circle share the same view as me, and through our past experience and the trading system we have mastered, they all tell me that this market is very good. The longer the volatility lasts, the more valuable the currency will soar.

Most people have only experienced one bull market, and the experience they have summarized is limited to the 2021 bull market, and they don’t know much about the previous bull market.

In my circle, there are many people like me who have been in contact with the cryptocurrency circle since 2017, and some have been in the circle since 2015. We often communicate and analyze, and we can definitely look at the market more objectively than those who have only experienced a bull market.

Because experience is very important in any industry. It can also be said that key market conditions determine life and death.

This is like a person who has survived both World War I and World War II. His combat experience must be much better than 80% of the newcomers.

These experiences may not be reflected at ordinary times, but at the moment of life and death, that kind of combat experience will burst out and turn decay into magic.

Of course, it may be a little mysterious in the cryptocurrency world, but the essence is the same; you may not earn more than others in every wave, but you can live longer than others, see more market trends, and live a comfortable life through the compound interest of time.

The cryptocurrency industry has created many myths, but if you look at those people who suddenly became rich, how many of them are still living well or still in the cryptocurrency industry?

The financial market is too cruel. Don't fly too high or too fast, but fly steadily.

Because, behind the sudden wealth, there must be an abyss. Even if a wave of gains in the cryptocurrency circle reaches millions or tens of millions, without the wealth carrying capacity, the money will definitely fall into the pockets of others.

Therefore, I have always believed that every partner in the cryptocurrency circle should focus on improving investment capabilities and establishing correct investment concepts.

Ability helps you build your business, while the right investment philosophy helps you keep your money.

Many people have made money, even a lot of money, in the cryptocurrency world, but they didn’t stay, which is very painful.

I think: It’s not because he doesn’t understand technology, but because he lacks the correct investment concept

This concept is also what I have been writing about in my articles.

There are many people teaching technical indicators in the current cryptocurrency circle. This is only the offensive part. No one can guarantee that they can strike accurately every time. If you fail to control your greed and fear, you will be doomed.

Therefore, cryptocurrency investment has two parts: one is offense and the other is defense.

Look at what you lack at the moment, find it, and then concentrate on overcoming it. If you can't do it yourself, humbly seek advice from professionals in this field; as long as it can help you achieve your wealth goals, you should spare no effort

Finally, let me summarize it in one sentence:

Don't expect sudden good luck, just believe that hard work will eventually pay off

I hope that every one of you who works hard now will have a smooth future.