Bitcoin has been rising for seven consecutive days in the past few days. Everyone is a little confused by the rise. Some time ago, they were still cursing their mothers, but now they are afraid that the big brother has not kept up. It is uncomfortable to be trapped when it falls, and it is also uncomfortable to miss the rise. If you don’t make money several times a day, you will feel like a year. This wave of increase was expected before. It will break through 100,000 and then come down to give everyone a chance to buy at the bottom.
Many friends asked me what I think about this wave. Will there be a pullback? Can I catch up if I haven’t gotten on board yet?
Answer: This wave of Bitcoin’s rise will not take off directly.
This wave of Bitcoin's rise seems relatively strong, but the price has gone up but the volume has not, the trend has not changed, and it has not directly reversed the situation and started a bull market. I think it is very likely that Bitcoin will stay here for two or three days. Of course, we do not rule out the possibility that a line will come down and slap it in the face.
Bitcoin started to decline in the evening, first rebounding after reaching 100,500. This pullback will not come down directly; I expect it will continue to rise, enticing more buyers. It is very likely to hold above 100,000 for two to three days. Today is the 7th, and the day after tomorrow, on the 9th, there will be a U.S. interest rate meeting, and on the 10th, non-farm payroll data. In the absence of major news, these two events could also cause some market fluctuations.
What if it doesn't drop and goes straight up?
Answer: I believe that even if it does not come down, it will not go up directly. Instead, it will fluctuate here to build a base before rising.
This rise is a signal for everyone. No matter how much Bitcoin falls, it can always be pulled back. It is still a bull market. It's okay if no one enters during the first decline; it allows everyone to see the strength of the market makers and to know that there is still profit to be made at 90,000 and 100,000, with the strength to pull it up to 150,000.
Only by doing this can we allow everyone to come in and take over. Otherwise, just saying we will pull it to 150,000 is useless. If the buyers have no opportunity, they will not participate. In a few days, it is very likely that opportunities will be given to everyone. Let’s see if you can remain indifferent.
Therefore, I still insist that the market makers will give everyone the opportunity to get on board. Right now, whether it’s the timing or market sentiment, we cannot soar directly into a bull market. Those who haven't entered shouldn't rush; there will definitely be opportunities coming up. It all depends on whether you can seize them.
The current situation is still very awkward. If I don’t reduce my position, Bitcoin may have a big pullback. If I reduce my position, I am afraid it will fly up directly and start a bull market, leaving me behind.
In my view, the market has already begun to rebuild its base. Today is a normal pullback; as long as it does not fall below 99,000 USD, tomorrow I can look for a suitable opportunity to enter at a low price. However, only use half of the position, because the year is not over yet, and Trump has not taken office on January 20. Therefore, before the Lantern Festival on the 15th of the first month, I recommend cautious operations. Don't be afraid; I am a guiding light. There may be occasional small stop losses, but as long as there are no black swan events, I generally won't make major mistakes.
That’s all I have to say today. During a bull market phase, many people hope to communicate. If you really can’t navigate the cryptocurrency world on your own, don’t force yourself, come find me to be your mentor, stay updated on the latest information, plan, embrace the bull market, improve your win rate, and say goodbye to being stuck at high positions.
