Bitcoin has broken through 69,000. If you follow my steps, you should have made a lot of money now.

On August 4, I wrote in my article (The Real Reshuffle Begins) that you should remember not to be kicked out during this period.

On August 5, Bitcoin plummeted 17% to $49,000. On that day, all of us web3 practitioners were required to increase our positions. I also added 2 BTC, and my position was almost full.

On August 6, I posted the news of adding positions (Bitcoin plummeted 17% in a single day, can BTC become the next reservoir?). At that time, the price was only around 54,000.

I added more than 49,000 positions, and I announced the news to you publicly at around 54,000. It is all synchronized with you. If you haven't made money yet, then you really have to consider binding with me and I will arrange exclusive private training services for you.

Let’s get back to the current situation

Since October 12, Bitcoin has rapidly risen from 62,000 to 69,000, a 10% increase in less than a week. Many people were caught off guard and couldn’t wait to catch up. However, it got stuck at 69,000. It reached 70,000 and couldn’t go up. It has been reluctant to break through 70,000 US dollars. What is Bitcoin waiting for?

Bitcoin suddenly rose, but many altcoins fell instead, and some altcoins did not follow the rise. Why is this?

In the cryptocurrency circle, you must know that the total amount of liquidity is limited. Once the price of Bitcoin rises at a key position, capital flows will converge on it, and altcoins will naturally encounter a situation of capital "sucking blood". When Bitcoin enters a sideways phase, some altcoins will have the opportunity to start the market.

Every increase in BTC now comes at the expense of altcoins, which shows that there is not much real remaining liquidity in the market. The two big brothers of altcoins, ETH and SOL, have also become decadent and do not follow BTC’s breakthrough at all. Once BTC stops rising, they immediately change their faces.

Currently, except for MEME, AI and Inscription, which are slightly stronger, other copycats are at the bottom. However, Bitcoin is not satisfied with this. In recent days, it has begun to kill Inscription, meme and AI. Only Lao Ma’s dog is still on the rise.

Only when all the copycats are driven into the basement and all the profiteers are trapped, will the big funds feel free to let Bitcoin rush to 70,000. You see, usually when Bitcoin rises by 1%, ORDI will immediately follow suit and rise by 3%. Now they dare not follow, right? As soon as they follow, it will start to fall. In this way, Inscription is controlled tightly and has become obedient.

The rise to 70,000 may require the Fed's interest rate cut in early November and the US election to help

Market expectations for a 25 basis point interest rate cut at the Federal Reserve’s interest rate meeting on November 7 have reached approximately 93%. Therefore, in November, the most significant impact on the currency circle will be the U.S. election.

If Trump wins the election, it will be good for the entire crypto industry, and the price of the currency will most likely rise sharply and break through the previous high of 73,000.

The big bull market is coming, and many people have been waiting for several years just for these few short months. But unfortunately, many people’s bullets have been washed out. I’m sorry to say that the key to this game is to always stay at the table. The financial market is not about who runs faster, but who can go further.

Many people's misunderstandings about the cryptocurrency circle come from self-media hype, project party speculation, contract gurus' performances, short-term trading teachers' leading orders, and screenshots posted on WeChat Moments. In fact, anyone with a little common sense will stay away from it. If it is so easy, how can the dealer make money?

It has been proven time and again that most retail investors who fight alone in the bull market without going through one or two complete cycles will ultimately become fuel.

In fact, in a bull market, a pullback is a healthy process. If the market rises too fast, it will definitely attract a large number of speculators who are eager to get rich. The better the market is, the more greedy they will be. Once the market sentiment is aroused, they will start to leverage, sell houses and cars off-market, and borrow money to leverage.

Directly leveraging Bitcoin in the market will actively purify the market and actively explode these leverages. Bitcoin disperses all these false wealth that is not beneficial to the market and returns them to every institution and main capital. The market's back and forth insertion and reduction of leverage actually proves the market's active demand to move upward.

No matter how hot the market is, if you don’t understand it and don’t have reliable people to guide you, you should stay away from this investment field!

There are more than 30,000 coins in the cryptocurrency circle, and ordinary people can participate in no more than 10 of them. Just like A-shares, there are thousands of stocks. I think ordinary people can only participate in 2 of them. This is why we old leeks can make money and you lose money. It is not because someone is smart or not, but because we have experienced beatings. In the process of growing up, we have to choose between being beaten and using a little money to exchange for experience. The tuition fee has to be paid sooner or later, there is no way around it.

When the crash and surge come, self-control alone cannot overcome the weakness of human nature. Since you understand this rationally in advance, then adapt to it, find an environment, find a professional colleague, restrain yourself through certain measures, let others' experience work for you, and arm yourself with the practice of high efficiency in the shortest possible time. After all, a big bull only appears once every three or four years. Otherwise, you may waste a cycle in vain, or even lose your principal without making any money.

When you are sick, you know that it is best to go to a tertiary hospital to see a doctor, rather than asking anyone randomly. Even if you are unwilling to go to a small hospital, you must go to a tertiary hospital.

If you want to drive, you need to apply to a driving school first, and then you can drive after you have obtained a driver's license through professional training. You need to go to college for 4 years and take hundreds of classes, but you may not be able to find a job after graduation...

Then why do people think that just anyone, without any professional qualities in the trading field and without any professional training or experience, can make money in the trading market?

The capital market has the smartest people in the world. The cryptocurrency world does not generate profits, and everyone is cutting into each other. We need to reflect all the time: Why can I take money out of other people's pockets?