It's not time to bottom out yet. Right now, whether it's Bitcoin or altcoins, we all need to wait a little longer. Be patient, hold your hands, like a wolf.
If after these two spike downs you start bottom fishing, it can only be said that your understanding is a bit lacking. You haven't clearly seen the overall trend of the market. Recklessly bottom fishing will only land you halfway up the mountain, putting you in a difficult position.
This trend will only reach a stage where no one dares to bottom fish; that will be the real opportunity to enter the market. Currently, Fenglang sees the position of 90,000. If it can drop down here before the end of the month, perhaps this is a good entry point. The upper level will still maintain the high point of 100,000.
I personally believe it’s very difficult for Bitcoin to break through 110,000. As for some loudmouths shouting that it will reach 120,000, 150,000, or even 200,000, that’s simply a fantasy, boasting without a draft.
Currently, Bitcoin's market value has basically peaked. Americans will not allow its value to exceed Google or Microsoft. Once it surpasses these companies, destruction is not far off. Think about it carefully.
As for the future market trend, Fenglang believes that 100,000 will have a long-term back and forth. That means going up then coming down, then going up again. After all, with so many institutions and countries strongly supporting it, it's unrealistic for the price to drop too much. Only by moving back and forth at a high level can everyone make money, allowing this game to operate normally. Unfortunately, we retail investors are the ones suffering.
If you want to be ahead of others, you need to spend 3 times, or even 5 times, the time and effort to study compared to others. Otherwise, you will ultimately be eliminated by the market.
In everything, preparation leads to success; lack of preparation leads to failure. If you have no direction, you might as well follow Fenglang; perhaps breaking the ice only requires an opportunity!
