Bitcoin retracement! The early bull market correction brings bargain hunting opportunities!

The market has entered a period of adjustment. Yesterday, Bitcoin once surged to around 91,800, but soon fell back to 89,400, falling 2,000 points in a short period of time. Ethereum also fell back to 3,036 after reaching a high of 3,222, falling 188 points. In the past 24 hours, more than 170,000 people in the market have been liquidated, with a total loss of more than 500 million US dollars. This also means that the bulls have once again suffered a loss of 300 million US dollars, while the amount of liquidation in the past few days is still around 500 million US dollars. This series of data shows that the overheated market sentiment still exists, and appropriate corrections are also a normal wash process.

However, after these fluctuations, many altcoins have returned to their previous starting points, which undoubtedly makes many medium and long-term investors feel tormented. Risks and returns in the market often coexist. If you want to get ten times or even a hundred times the return of altcoins in the future, you have to endure the pain brought by these corrections.

In terms of trend, after breaking through the range of shocks in the next three months, it is expected that Ethereum will at least challenge the previous high near 3,600. As for Bitcoin, although there is no sign of peaking yet, it takes time for the market top to form, usually in a cycle of at least three months. The rise of Bitcoin at the beginning of this year started in October last year, and the peak did not appear until March. If the market follows a similar rhythm this time, it may usher in the first wave of staged tops around mid-January next year.

However, after the retracement, it may also be a more crazy rise. Therefore, try not to miss the opportunity at the beginning of the bull market, and be bold to enter the market when it retracements.

The current focus is that if Ethereum retracements to the 2800~3000 range, you can consider bottom-fishing, while Bitcoin should pay close attention to the support situation near 85000. It takes time for the main funds to ship out, and the market adjustment will not end so quickly. You can boldly take over when it retracements. At present, it can be basically confirmed that the bull market has started. Next, with the relaxation of policies, there will be many opportunities waiting for us to lay out. #市场回调，观望还是上车？ #BTC连续破新高，你看到多少？ #BTC冲破9万