@BTC Bitcoin broke through the previous high point in March, then reached 73,000, followed by a decline to 49,000. Many people thought the bull market was over!
From the perspective of market analysis, it has risen from 15,000 to over 73,000 in more than a year before the halving, almost a 5-fold increase. The rise and fall is normal for many stocks, so the decline from 73,000 is very normal, but it does not mean the bull market has ended; it is a deep consolidation, a buildup of strength. Without a solid foundation, where does the bull market come from?
This bull market is expected to last until June 2025. My personal view is that it will reach 80,000 in November 2024, between 80,000 and 100,000 in December, and then there will be a deep correction to over 70,000 until April to June 2025, where it is likely to exceed 120,000, after which it may signal the end of the bull market.
Operational strategy:
I have always said that the bull market is easy to operate; buy on dips and just pay attention to deep corrections.
If you want to make money, you can appropriately increase leverage. I have always operated at 100x.
This is just my personal opinion; feel free to follow, comment, and leave messages.
