The price of Bitcoin has returned to above $63,000. I wonder if those who are waiting for a big drop or think that the bull market is over have seized the good opportunity to get on board with this pullback?
The trend was the same from December to January last year. At that time, the market sentiment was waiting for Bitcoin to fall as much as 312, and there would be a second bottoming out. But the result is now self-evident. Bitcoin has broken the new high of the previous bull market.
In fact, judging from the current trend, Bitcoin is still in a bull market, and the trend has not reversed. The pullback is for a better rise. If you can't see the overall situation, determine the bull and bear, and accurately determine whether the current market is in the early, middle, or late stages of the bull market, then you will definitely be disturbed and tempted by market sentiment, and be led by the ups and downs of prices, and thus make the wrong choice.
The daily line of Bitcoin has closed the candlestick chart Morning Star pattern, and it is a Morning Star pattern with large volume. It is still healthy to close such a pattern at the key support position, so there is a high probability that the bull army will exert its strength next. The above is the conclusion drawn from the technical analysis of the market, and the basis for the conclusion is established through clues.
Then we combine some policy benefits, the landing of Hong Kong Bitcoin and Ethereum spot ETFs, and the participation of more countries in the world in the future, which is one of the indispensable factors to promote this bull market. The rest is the news and trends of the capital side that many people are more concerned about. Will the Federal Reserve raise interest rates? If not, when will it cut interest rates?
A necessary action of the Federal Reserve before cutting interest rates is to shrink the balance sheet, which is also one of the means of financial regulation. After shrinking the balance sheet, there will be a real interest rate cut, that is, the interest rate cut channel will be opened.
History never repeats itself, but it will be surprisingly similar every time. Although the two waves of callbacks analyzed above are different in appearance, the results are the same in the end, and the same is true for interest rate hikes and interest rate cuts. 👍Jun Yang + Wei: 1138798731 The technique can be ever-changing, but the Tao behind it has never changed. If you don’t have the ability to see through the rules and essence, you can only be troubled by various appearances.
The boat has passed through thousands of mountains and is on the road to summer. Although there are occasional "late spring cold snaps", cloudy days, heavy rains, and even extreme weather such as hail, just like the occurrence of low-probability events or deep pullbacks in the currency circle.
But nothing can ever change or stop the arrival of the hot summer, and this is cause and effect, and this is the law. If you don’t have this ability, this belief, this mentality, and the skills to survive in the currency circle, how can you wait for the clouds to clear and the moon to shine?
