š In the early bull market, thereās no need to be afraid of missing out
Even if youāre currently in the early stage of a bull market, thereās no need to blindly chase the price just because youāre afraid of missing out.
You can refer to the price action in the early phase of the 2023 bull market:
1ļøā£ Market rhythm
On the daily chart, prices keep chopping sideways and making new highs; after touching the upper band, upward momentum weakens, and the market first goes through a daily pullback;
after the pullback ends, it rebounds again to test the upper band once more, and then comes another pullback at the three-day-line level.
2ļøā£ Current outlook
BTC will most likely continue to trade sideways in a back-and-forth manner, repeatedly probing new highs.
Watch the resistance around 85,000 in the short termāif it gets rejected, it may first pull back to around 77,000;
then, if it rebounds and reaches 88,000ļ½89,000, another pullback at the three-day-line level may follow, and it could even revisit the 70,000 area.
So, missing out isnāt scary; chasing when the price is already high is.
There will still be opportunities to buy the dip later.
3ļøā£ Why do I believe Bitcoin will definitely see a pullback?
First, to shake out the long side and digest profit-taking.
Second, the market needs time and spaceāit canāt rise in a straight line the whole way while letting everyone make money easily.
What the bull market lacks the least is opportunities; what truly tests people is patience.
Donāt chase strength, donāt panicāwait for the dip entry point that belongs to you.
Even if youāre currently in the early stage of a bull market, thereās no need to blindly chase the price just because youāre afraid of missing out.
You can refer to the price action in the early phase of the 2023 bull market:
1ļøā£ Market rhythm
On the daily chart, prices keep chopping sideways and making new highs; after touching the upper band, upward momentum weakens, and the market first goes through a daily pullback;
after the pullback ends, it rebounds again to test the upper band once more, and then comes another pullback at the three-day-line level.
2ļøā£ Current outlook
BTC will most likely continue to trade sideways in a back-and-forth manner, repeatedly probing new highs.
Watch the resistance around 85,000 in the short termāif it gets rejected, it may first pull back to around 77,000;
then, if it rebounds and reaches 88,000ļ½89,000, another pullback at the three-day-line level may follow, and it could even revisit the 70,000 area.
So, missing out isnāt scary; chasing when the price is already high is.
There will still be opportunities to buy the dip later.
3ļøā£ Why do I believe Bitcoin will definitely see a pullback?
First, to shake out the long side and digest profit-taking.
Second, the market needs time and spaceāit canāt rise in a straight line the whole way while letting everyone make money easily.
What the bull market lacks the least is opportunities; what truly tests people is patience.
Donāt chase strength, donāt panicāwait for the dip entry point that belongs to you.
