The market diverged significantly around the $69,000 price range, as this level marked the top of the previous bull market. Short-term speculators took profits and exited the market, while short sellers also put pressure on this position, causing the market to fall.
However, this wave of market activity is still very high. The pull-up market that has lasted for more than 40 days will not end easily. We can look forward to breaking through the key price of $70,000 again. Retail investors, major funds, and institutional giants will continue to drive the market up. The big pie is no longer limited to the digital currency field and has firmly established its position in the financial market.
Calculation of the growth of pie prices and the time and space patterns of bull and bear cycles do require a certain amount of talent and skills. This is also a manifestation of the level gap between different investors. My investment strategy is a long-term cycle. Once the pie reaches US$70,000, I will start to sell core positions. Each increase will be US$20,000, reducing the position by 20%, and reducing the position by 80% around US$7, 9, 11, and 130,000 US dollars. , leaving 20% of the position to continue to hold.
