Bitcoin breaks through $62,000
The trend of the market exceeded my expectations. I originally thought that the V-reversal would take until the end of August, but I didn't expect that it would continue to move forward from last night and basically complete the V-reversal. This is the power of the trend. Before every bull market breaks out, there will be a thrilling panic sell-off.
A brief summary at the macro level is:
The US is not in recession! The Bank of Japan will not raise interest rates! Iran will not retaliate against Israel! In an instant, the world becomes peaceful and tranquil again, and in an instant, the global financial market is rising every day! Don't hesitate too much on the operational level, just choose the target and buy it. Starting from August, the market will continue to rise until the end of the year, and then enter the correction phase. When the correction ends, there will be another big market next year, and everyone should take positive action. For most people, don't touch the contract... It's better to lie flat after buying the spot. Look, the price of Bitcoin is back again~~~
In the short-term Bitcoin rebound, focus on the 64,000 pressure level. If it can break through, the entire trend will return to the upward channel, and the market will completely reverse.
If Bitcoin can still fall back to more than 50,000 in the future, you can continue to buy the spot in batches and cherish the golden pit! !
Another major good news!
Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia. Putin said: "Cryptocurrency is full of promise, and Russia must seize the opportunity!"
At the beginning of 2024, cryptocurrency has developed to the political level. If it was previously a competition between individuals and investors, then in the future it will be a competition between countries. Countries have begun to compete in strategic aspects such as mining and Bitcoin reserves. In the past, there was El Salvador, and in the future, there are major countries such as the United States and Russia. I believe that in the near future, the development of cryptocurrency will get better and better!
Buying the bottom after an oversold situation
1. When the stock price drops sharply, buy 10% to 20% of the stock immediately after the big drop.
2. Reduce your position at each resistance level during the subsequent upward correction
3. Do not take short orders in this upward trend, only take long orders
4. After clearly gaining a foothold, gradually transition from large currencies to small and medium currencies
In this market, perhaps the only strategy to make money forever is to hoard coins. Of course, we are talking about mainstream coins here.
When Bitcoin hits a record high, it is the time when some high-quality altcoins start to go crazy.
This wave of Bitcoin is very likely to hit a new high directly. After all, this wave of cleansing is really severe, and the contract positions have fallen sharply. No matter whether they are long or short, they have been cleaned up... and some people have been cleaned up back and forth.
The bull market is always there!
The recent decline has caused many retail investors to lose confidence and think that the bull market no longer exists? The general trend has not changed, and we are still in the bull market stage. The plunge in the past two days is just a normal situation in the bull market. Although the decline is really large, it is beyond the imagination of most people, especially Ethereum and the Ether series!
Policies, funding and technology are all moving in a good direction!
One wrong step, all wrong!
When the market was falling, I kept reminding everyone at the top of my lungs to hold on to the chips in your hands and never give them up easily! You know, once you sell your chips at a loss, you will really lose a lot of money. It is simply throwing away your hard-earned money! If you don’t sell your chips at a loss, but are only temporarily stuck, the transaction is far from over, and this can only be regarded as a temporary, short-term floating loss!
Especially for retail investors:
If you do not understand the trading techniques of the bull-bear cycle trend conversion, do not have the correct investment thinking and concepts, do not have a good mentality, and lack particularly effective strategies and risk control systems to protect you, then if you take a wrong step, you will go wrong at every step!
As a result, this bull market has been difficult to progress and is facing a major crisis: it is not how much money you can make in this bull market, but it is difficult to predict whether you can get your money back in this bull market!
The trend of the crypto market changes very quickly! The more time passes, the more challenges there will be!!
