It's still the same old routine, right? Just wait and see if I close my position or not.

$BTC Today, a fan asked me what is the logic of my firm bullish view on Bitcoin?

Then I will use my previous patinated chart to briefly explain my logic

First: From the perspective of the market

1: 93041 is the lower support point of the first sideways range. After falling below this lower support, it did not stabilize effectively, but quickly recovered above the support point, indicating that the selling pressure momentum is insufficient!

2: The data at that time basically belonged to small orders selling in large quantities; large orders buying in small quantities; in other words, a large number of retail investors were shorting at the time, but the main force bought all the selling orders in a few transactions, a typical accumulation of funds

Second: From the perspective of the overall environment

1: Trump is about to take office, as an advocate of Bitcoin as a national reserve; the main force is smashing the market, who is it hitting in the face? Those who can be the main force understand politics better than us
2: The liquidity of the currency circle is indeed scarce. It is not surprising that it cannot break 10 in one wave, but how to use the existing liquidity is not just a way to plummet and explode the longs. Don't stick to the old ways
3: Some people say that the main force can plummet and explode the longs first, and it is easier to break 100,000 after clearing the big cars. In my opinion, I don’t think so. If it falls directly to 60,000-70,000, the longs will indeed be completely exploded, but in return, the longs at the bottom will enter the market. This year’s market is a bull market for BTC. If you are given such an opportunity, will you choose to go all-in for copycats or go for big cakes?
4: Many retail investors overlook a serious problem. The historical high of BTC is 69,000. There is no locked-in position on the 99,000 pie. If it falls and then pulls back, the spot selling pressure it faces is a huge amount. Let alone the 50,000 or 60,000 pie, it is impossible to fall below 69,000.
5: If you want to enter the market with retail funds from the outside market, you must give the cottage a chance. The pretending of a negative decline or shock of the pie is to intentionally convey a signal: I will take a break and wait for the cottage to drain the blood. When the cottage blood is thick, the pie only needs a big pull-up, and the cottage will be sucked blood again. So stop profit when the pie breaks 10, and wait for the next time the pie is sideways before betting on the cottage

To be precise, the currency circle is not only the data of a certain exchange. If you only focus on one idea, or the results of some retail investors' voting as a basis, it is really a blind spot!#Market recovery new opportunities #山寨币走势展望