Has Bitcoin peaked?
Where will the copycats go?
Bitcoin’s 65,000 level is basically difficult to maintain. As I said last time, 65,000 is a heavy pressure. Only when it breaks through and stabilizes can the copycat bull market come. According to time reasoning, there is a need to step back at this level, forming a double bottom and reinforcing the demand for the bull market to rise.
The copycat bull market will start after the bottoming out.
Bitcoin’s key support level is around 61,300 and 57,000.
The opportunity is still in late July and early August. It is safest to buy the bottom during this period.
Then the recent operation is to reduce or short the profitable positions of the copycat, and the floating losses can also be cleared.
This position is relatively low, but it is definitely not a safe point.
Once the big cake falls back, the copycat will definitely fall back, and it will not be too late to add positions at that time.
If your position is deeply trapped, you must find an opportunity to cover your position and find new funds to come in.
Otherwise, others will make money while you are still on the road to recovering your capital.
Finally, I wish everyone to get the ideal result in the copycat bull market.
