The Shanzhai was cut in half, and BTC has not fallen much.
But this wave of retracement is basically over.
Why do you say that? You have to understand the nature of the wash.
First, feel the mood change of BTC from 20,000 to 70,000.
At 20,000: Don’t believe in a bull market, blockchain scam
At 30,000: It’s obviously a trap, and it will continue to fall
At 40,000: This time it has finally reached the top, and the waterfall is coming
At 50,000: It’s accelerating to the top, run away
At 60,000: The bull market is coming, do you want to make a bottom position?
At 70,000: Damn, blockchain revolution, get on board.
At 60,000: Encryption is over, game over!
1. Although BTC has not fallen much, the low point of the day before yesterday only touched the 60,000 mark. Judging from the above market sentiment changes, this is enough, because many people start to consider buying big cakes when they are above 60,000. This is why BTC’s high point to low point callback is less than 20%, and many people are panicking.
At the same time, we need to understand what the wash is washing?
There is no doubt that the chips washed are those in the densely traded areas. According to the time period when retail investors are generally bullish and start to consider getting on board, there is a high probability that the price of Bitcoin will bottom out in the range of 61,000 to 58,500, which is why BTC is still strong overall.
If the main force is ambitious, it is enough to wash out the chips above the range of 58,500 to 62,000, because the chips below this range are basically rising, and retail investors do not have many chips, so there is really no need to worry.
2. Most altcoins have completed a 30% to 70% decline in just a few days.
It can be said that 80% of the decline has come out, and some have bottomed out. Now the dealers of these coins dare not act rashly, and it depends on the face of Bitcoin. Overall, they are not overly bearish!
Big Cake: Near 65200, enter the factory for long positions, target 68000
Second Concubine: Near 3000, enter the factory for long positions, target 3300
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