Bitcoin is soaring all the way to the 70,000 mark. Is the whole network singing bullish again? I remember hearing calls for 100,000 since the beginning of the year. It’s already the end of the year. Is the bull back? Is it shouting 100,000 as soon as it rises? There is nothing wrong with going long all the way. From the beginning of 5, it will soon be 7, but you have to be cautious with Bitcoin after 7. Don’t forget the pain after the scar heals. This year, Bitcoin has fallen from 7 four times. As the old saying goes, things never happen more than three times. It has fallen four times, so will there be a fifth time? Let’s recall the four times Bitcoin went to 70,000!

First, on March 14, Bitcoin reached a high of 73,800, and then fell back to 60,800, retreating more than 13,000 points, a drop of 17.63%.

Secondly, on April 11, Bitcoin fell from 72,900 to 56,500, retreating 16,350 points, a drop of 22.44%.

The third time, on June 7, Bitcoin fell back from the 72,300-line double top to the 53,400-line, retreating 18,900 points, a drop of 26.15%.

The fourth time, on July 29, Bitcoin fell from 70,100 to 48,900, a retracement of 21,156 points, or 30.19%.

From the above data, we can see that after reaching the 70,000 mark, Bitcoin has retreated 4 times, and the high point of the rebound is going down, and the magnitude of the retreat is getting bigger and bigger. The 70,000 mark is like a curse, and it cannot be broken! Although the current price has stood above the trend line from the downward trend line, the 4 historical retreats here must be guarded against! At least it shows that everyone thinks that 70,000 Bitcoin is already a sky-high price in the short term, so there are so many profit-taking sales. If there is a fifth retreat, will the strength of this retreat be deeper? According to the above four historical data, once a retreat occurs, it will be a retreat starting from 20,000 points, so are you tempted?

Don't blindly chase the price near the 70,000 mark. The market never goes up without falling. Although history will not repeat itself, we can learn from it! If we start from 48,900 on August 5, the rebound to 65,100 on August 25 is the first rebound, with a rebound of 16,278 points and a growth of 33.31%.

The second wave of rebound started from 52,500 on September 14th, to 66,500 on September 27th, rebounding to 13,976, an increase of 26.6%;

Now it is in the third wave of rebound, starting from 58800 on October 10, how much more do you think it can rebound? At the current highest point of 69500, it rebounded to 10687, an increase of 18.16%. Do you feel that the rebound is almost in place?

The above figures and statistics are based on historical trends. Bitcoin has dropped to 70,000 for 4 times, and then rebounded to 48,900 recently. History may not repeat itself, but we must learn from it. Xia Sen urges everyone not to chase more near 70,000, but to consider opening a short position of more than 20,000 points. What do you think? Do you agree? #BTC要挑战7W大关了吗？ #特朗普家族加密项目 $BTC $ETH