Morning Review: Bitcoin continued to break through strongly last night, just a 10% increase away from $100,000!#比特币是否有望达到新的峰值
Previous Review: In yesterday's content, Shepherd pointed out that Bitcoin currently needs to watch two levels, one being the Fibonacci sequence's 1.27 (around 83,500). If it stabilizes at this level, we will see the 1.41 (91,052) level. Last night, Bitcoin strongly surged to 89,500, very close to the final resistance. When the market started in September, Shepherd repeatedly pointed out that Bitcoin would reach $100,000 this year, and this goal can be said to be achieved soon! He also mentioned that Bitcoin will experience a trend reversal between September 30 and October 10. Many old fans should know this; friends who haven't referred to Shepherd's previous content can go back and check it out!
In response to the current situation, Bitcoin has broken through its historic high, and there are no accurate resistance areas above. We can only make a conventional judgment based on tools like the Fibonacci sequence. As I mentioned in my content yesterday, breaking above the 1.27 (83,500) level will lead to a continuation upward. Currently, the entire Bitcoin long leverage is off the charts, and I still say: when others are frantic, I remain calm; when others are desperate, I am greedy! So here I remind everyone holding long Bitcoin: be sure to gradually exit; profits realized are what count!
Currently, Bitcoin has been on a major rise for 70 days since the start of this round. Based on Shepherd's previous bull market experiences, Bitcoin's market movements typically last about 220 days. Therefore, we can determine that this bull run is only one-third complete. However, if it is to break above $100,000, I believe a massive long leverage liquidation is necessary at least once!
Current Strategy: If your Bitcoin is around 60,000, meaning you entered the market with Lao Lin in September, I would suggest gradually exiting. If you are still below 30,000 for Bitcoin, you can continue to observe! My view is that Bitcoin will undergo a significant pullback when it reaches over 90,000 to liquidate long positions, and this range should be between 10%-20%. Based on this data, Bitcoin should spike to around 76,000!
Shepherd's Reminder: Do not get caught in a trap!
Regarding Altcoins: Shepherd has meticulously analyzed multiple quality altcoin targets. I have repeatedly pointed out that this bull market is different from the past. Many worthless altcoins will be delisted or go to zero, losing their chance to take off! So everyone dealing with altcoins must pay attention to this! Recognize reality, abandon fantasies!
Note: Lao Lin's daily content provides only general guidance. Specific situations require real-time decisions based on market changes! If you still can't grasp the market, please read my collection (How to Become a Leek) carefully. I will continue to create and provide everyone with high-quality cryptocurrency content!
