The 65,000 mark of Bitcoin will be broken and it will soon return to the 70,000 mark.
Looking back at the trend of Bitcoin in the middle of the year, it can be said that it has been turbulent. The three times of hitting the 70,000 mark were accompanied by a 10,000-point retracement, and the daily line structure has moved out of the shock center.
During this period, Bitcoin experienced the Germans' shipments, Mentougou's compensation, ETF turnover, and the current selling of Dongda, but its price level has remained above the bull market level. It can be said that the huge turnover of the market in the past six months has basically been eaten up by the beautiful guys.
Do you know how great this is? Such a huge sell-off turnover, in the past, would be enough to cause Bitcoin's price to fall by more than 40% unilaterally within the cycle. This round of digestion of such saturation attack selling pressure is only through time, shock, macro narrative and other means, and the maximum retracement is only a little more than 20%, and there is hope for further recovery at present.
From this perspective, the recent high-level shock market is a continuation of a trend. First, it is to complete further corrections on the indicators, second, it is to get rid of the unsteady speculative chips during the period, and third, it is an inducing empty behavior under inertial thinking.
Of course, these may also be far-sighted speculations with subjective consciousness, but if the 6.52w mark breaks through and stands firm, then this is more than just speculation.
