I heard that it is more reliable to buy goods in the range of 39000-37000? That's right, because this position is facing the test of gray selling pressure. Huidu, a big player, still has a lot of chips in his hands. It is said that there are more than 500,000 chips! The last time they sold pressure, the market barely caught it, but who knows if it will fall below this time? Once it falls below, the market may panic and fall, so everyone needs to be careful.
Don’t think that large institutions like Grayscale don’t care about price. They have to take advantage of the low price to absorb chips. Even if the big pie ETF passes smoothly, the Federal Reserve has not yet started to cut interest rates, and the entire economic system is still adjusting. The liquidity of the pie cannot bear a pie of 50,000. You have to balance various factors like an acrobat to usher in a real bull market. Therefore, we have to wait patiently for the subsequent arrival of good news such as the entry of new funds, interest rate cuts and reduction of positions. It will not be too late to take action by then!
