The old man is about to take office, and the Americans are once again hawkish, which is simply a torment for the market.
But I want to say that the trend will not change; everyone should understand one thing, which is that major Wall Street financial institutions are all buying the dip. If long-term investments do not yield substantial returns, are these Wall Street financial institutions fools?
The answer is obvious.
With Wall Street entering the market and Binance being penalized, it proves that the Americans want to control a big situation, which is to become the big player in Bitcoin.
Once the Americans control the crypto market, countries will have to follow suit. If you don't enter the market, then you'll be eliminated in some financial areas.
That’s why the Chinese government has always been pessimistic about Bitcoin yet has not sold off, taking a more objective view towards Bitcoin for development.
The temporary plunge in Bitcoin, to be honest, does not prove anything for long-term investors, and it certainly does not prove that we are in a bear market.
As the saying goes, a market needs both rises and falls to be healthy, doesn’t it?
Looking at the K-line trend, based on the 4-hour line, Bitcoin is expected to find a bottom at 87,000. However, according to recent trend analysis, the more obvious the trend is, the less likely it is to reach that trend level, regardless of whether it is bullish or bearish.
So how everyone should plan their entry is self-evident.
I recommend the levels I am optimistic about, which are between 94,000 and 95,000, where you can go long with low leverage and temporarily aim for 115,000. No matter how many points it drops, the upcoming trend will definitely still be bullish, this is beyond doubt. Everyone should set their liquidation point at 85,000, as 87,000 is the bottom-finding point, and the defensive point is at 85,000 plus 20,000 to make the position a bit safer.
During the bull market, the Americans often release negative news, while the Chinese government has not released any negative news during this round of the bull market, and many altcoins remain untouched; doesn’t this warrant some thought? $BTC
tmd, this round of the bull market is a bit long, the bulls are getting fat, and the trend is a bit different from before; perhaps this is the difference in institutional bulls.