The market is once again caught in a tug of war.

Will it break out upward or pull back downward? At present, both are possible. Don't believe in the predictions of some charlatans.

As investors, we should be prepared for both situations: what if the price goes up? What if the price goes down?

Being able to attack and defend is the only way to make money in the cryptocurrency world.

Bitcoin has now reached 67,000, and yesterday it broke through 68,000 in a short period of time. Everything was going well.

Until today, when I looked at the current volume, I felt that the probability of the market to succeed overnight was very small.

Generally speaking, facing the current high pressure level, in order to break through, the volume must be pushed up. You can open the four-hour chart to look at the volume. There is a shrinking trend, which is not good news for the future market.

In addition, the KDJ indicator also showed a divergence, which also indicates that this wave of market may have exhausted its momentum.

However, this only applies to short-term market conditions. In the long run, it is still a volatile cycle.

In the medium to long term, a market correction at this time may be healthier for future trends.

If the market comes back to touch 65,000 and then continues to break upward, the momentum will inevitably be much greater.

The current volume cannot support the market to break through 70,000. Of course, it is not ruled out that institutions such as BlackRock will suddenly buy crazily to push up the market.

Shisan believes that it is possible to enter the market at a bottom in the price range of 64,000 to 65,000, mainly in the spot market. For contracts, stop loss if it falls below 62,000.

2，

Although it is difficult for the market to break through in a short period of time, the probability of a breakthrough at the end of the month or the beginning of next month is very high.

The current situation no longer supports a sharp drop in the capital market.

The above is just an objective inference based on the market and data, but the magic of the cryptocurrency world is that no matter how reasonable and well-founded your predictions are, the market will often give you a kick and leave you in disgrace.

You can take a look at the market more often to see what the mainstream sentiment is. For example, if everyone is bullish now, then we have to convert short-term positions into cash to deal with risks.

If the market is generally bearish, then we will buy at the bottom when the market falls.

For example, some time ago, Bitcoin fluctuated around 60,000 for a long time. Thirteen wrote articles every day with only one theme: buying at the bottom.

At that time, many people were bearish on the market. They believed that Bitcoin would fall or even collapse, and they kept stirring up negative sentiment, causing great panic among many retail investors.

Until now, many people are still hesitant and dare not enter the market, and now they have missed the best opportunity to enter the market, but in the long run, it is still in the bottom range.

You can still enter the market through fixed investment or by buying at the bottom at the fixed points mentioned above.

Generally speaking, October of this year is the month when the bull market begins. Everyone should sit tight and hold on tight, because the rocket may take off at any time.

10w+ Bitcoins are really not far away from us.

2，

Today, a friend in the Square left a message: "Why do BlackRock and other ETFs stop buying when Bitcoin is falling? They buy when it is rising?"

In fact, the logical relationship is wrong.

It's not that they buy when the price goes up, but it's their buying that causes the price to go up, and the same goes for selling.

In the current market, the impact of retail investors on the market is almost negligible, and the initiative is completely in the hands of the market makers.

They have large amounts of capital, and their buying and selling will affect the direction of the market. Retail investors can only follow the trend, chasing highs when prices rise and selling at a loss when prices fall.

In other words, we were completely led astray.

This is also why Shisan has always told everyone not to pay too much attention to short-term market conditions and to take a long-term view.

The shorter the time, the more money you will lose.

The K-line charts that seem to have no regular patterns are actually drawn carefully by the market makers.

There may be some bargaining among the dealers for large-cap currencies such as Bitcoin and Ethereum, which is relatively fair to us.

As for other small projects, they are completely controlled by the dealer.

As for A-shares, Thirteen will never touch stocks, because they are totally out of his control and are completely manipulated, and retail investors cannot make money.

Moreover, the increase may be only more than 10 points a year, the profit is very small, but the risk to be borne is extremely huge.

Many people left me messages saying that stocks are advanced, and in their words, they stood above the cryptocurrency circle in the contempt chain.

Why bother? Making money is the real thing, everything else is just a passing fad.

When you lose money and cry bitterly, these so-called chains of contempt are worthless.