The entire network is waiting for a sharp drop and a correction. Bitcoin has been bulldozing for a week, rising a little bit every day, but it just can't break through $100,000.
The Greed and Fear Index reached 94, the exchange lending rate reached 40%, bulls continued to increase leverage, and the slow rise continued to reach new highs. These indicators and the community's bearish voices, all the information is pointing to a correction in the coin price, but the market always goes in the opposite direction of most people.
There may not be a sharp drop, but a correction of about 10,000 points is bound to come. The price of the currency has never been rising all the time, nor has it been falling all the time.
Although a pullback is bound to come, it does not mean that you should wait and see. Will it pull back when it rises to 100,000, or 120,000, or 130,000?
Waiting in the bull market is exclusive to investors with about 80% of the positions. It is fatal for those with empty or light positions. The end result is that they wait in vain and miss the entire bull market.
It doesn’t matter if you haven’t gotten on board yet or your position is relatively light. There are ways and strategies that can allow you to profit from the falling coins as well as the rising profits. There are so many financial instruments and strategies that can cope with any situation.
There are strategies to make money at any time and in any situation. Just because you don’t know them doesn’t mean they don’t exist.
Currently, the Bitcoin market has begun to consolidate, but our students who are doing swing trading have still made arrangements in advance and were fully invested in some high-growth quality stocks at around 9 am on November 22. Currently, all of these currencies have risen sharply.
The service fee of 999 RMB was earned back nearly 6 times within two days of the band mission being launched.
You see, when Bitcoin was in stagflation, the currencies that our community was trading in were connected again. This means that we should plan everything in advance, rather than taking one step at a time, so we once again reaped the excess returns brought by the rotation of currencies.
We need to understand a logic: the surge in Bitcoin's price is only to allow the media to spread the word and let more people know about the existence of the cryptocurrency circle. The role of Bitcoin is to break the circle.
Only a hundredfold surge in altcoins will have a money-making effect and induce more newcomers to enter the market, so the stagflation of Bitcoin at this stage is actually waiting for altcoins to catch up.
It is impossible for BTC to continue to rise from 70,000 to 100,000, and then to 150,000, while altcoins remain motionless.
BTC has risen to its current price of 100,000, and has already started to attract new people from outside the circle. It is unlikely that newcomers coming in now will buy such expensive Bitcoin.
They will only buy altcoins with more decimal points, so what is reflected in the price of the currency now is that altcoins are starting to rise, especially some high-growth, high-quality altcoins.
However, the ultimate goal of pushing up the price of altcoins is to make newcomers greedily go all in at high positions. Of course, this is just the beginning. When the altcoin season comes in the later stage, if you don’t take over, it will continue to push up, and it will continue to push up until you doubt your life, repeating the story of "The Wolf is Coming" until newcomers get on board and go all in at altcoins, and then stand guard on the top of the mountain, and the bull market ends.
At present, most of the old investors are on the way to recover their investment, while the new investors may have done nothing, or got off the market and are still waiting for a callback, or they have added a bunch of junk coins. When BTC rises sharply, it rises slightly, and when BTC falls slightly, it falls sharply.
We can’t go on like this. If we do this, we will miss the big bull market that we have been waiting for three years. Look around, ETFs are still being bought.
Data shows: Bitcoin ETF's net inflows reached US$3.38 billion in a single week, setting a new record. Bitcoin exchange-traded funds had net inflows of US$3.38 billion in a single week, setting a record high since their launch.
Some institutions predict: Three key indicators show that Bitcoin still has room for further growth
The latest report from asset management giant VanEck pointed out that judging from key indicators, this round of rebound seems to have just begun. VanEck analyzed three key indicators: funding rate relative unrealized profit (RUP) and retail interest trends.
The perpetual futures funding rate has been above 10% since November 12th indicating a strengthening of bullish momentum, in addition to the current 30-day moving average relative unrealized profit level of about 0.54, which usually indicates that the market will reach a peak in the cycle over a longer period of time;
The search term popularity is only 34% of the high in May 2021, indicating that the speculative frenzy has not yet spread, and the re-participation of retail investors will give Bitcoin room for further growth.
So you see, big capital is still buying at this price. Why do you think it is expensive? Because you have seen cheaper BTC. Although it may have been last month, that is history and cannot be recovered.
However, the good news is that there is no shortage of opportunities in the market. At the current stage, there are still coins that are more cost-effective than BTC, have more room for growth and have low odds.
Don’t wait until all currencies have risen to a higher level before you get on the train. Otherwise, you will miss out and have to wait another four years.
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