$BTC
Why did it go up to 99500 instead of directly hitting 100000?
Here is an explanation.
Many miners and early investors have set the big coin at 100000 as the first sell point. If at this time major institutions push it to 100000, it is very likely to incur losses.
The big coin has steadily risen from 68000, but has only dropped 8500 points in the past two days to shake out these profit-taking positions. A temporary pullback does not mean it won't rise and does not mean the bull market is over.
The pullback of 8500 points is expected to be insufficient, and it is likely to break below 90000 to a minimum near 88000 before December 2 (not certain). After the shaking out, it will start to rise and push up to 100000.
I still hold my view that in such a market condition, it is better to set lower buy orders rather than open short positions. If the order is hit, you profit; if not, you don't lose.
Yesterday, I called for buy orders for the big coin, Ethereum, and new dog (big coin profit 2300 points, Ethereum profit 100 points, new dog breaks even). I took profit on the big coin around 93370, and fans who followed me can take profit as well.
Personal situation:
I hold both old dog and new dog.
Your likes and follows are my motivation to update. 🫶
