Today, Bitcoin suddenly fell back to 68,800 from above 70,000.

This wave came very suddenly, causing some panic in the market. Many friends started to curse. In the currency circle, this fluctuation is indeed very normal, and we have to get used to it slowly.

In the long run, whether it is the monthly line or the weekly line, Bitcoin is in an absolute upward channel, especially the monthly line has been positive for 7 consecutive days.

If nothing unexpected happens, the monthly line will complete the great achievement of 8 consecutive Yangs.

There may be a wave of correction in May. After all, according to the old rules, there will always be a correction after Bitcoin halving. The market needs a shock cycle to confirm the cost price of Bitcoin.

Once consensus is reached, this round of bull market will begin.

However, in the short term, the news is not too good, especially after falling below 70,000 today. It depends on whether Bitcoin can quickly recover the lost ground. Otherwise, it is very likely to touch the support range of 69,000/66,000.

There is no need to worry about falling below this range, as the market is likely to move upward.

The current shock range is 69000~716000.

As long as it doesn't fall below or break through, it's a good opportunity to sell high and buy low.

The current key point in the market is 716,000~72,000. Once it breaks through, the upward space for Bitcoin will open up, and we may see Bitcoin at 75,000~80,000.

Therefore, today's callback can be seen as the market exploding at a fixed point, confirming the pullback before pulling up. Without any surprise, Bitcoin will soon return to above 70,000.

2，

Today’s market has undergone tremendous changes compared to the past.

It was indeed elusive in the past. Bankers, miners, retail investors, exchanges, etc. all have their own forces. Various forces are involved. Even in a certain market, it is very difficult to predict the market.

Now that ETFs, the traditional fund representatives, have entered the market, many other forces have been eclipsed.

Their overall strategy now is to buy, buy and buy. These people with absolute strength will never risk losing money on any investment.

What they want when entering the market is absolute control. After I come in, I scan the chips, stabilize the chips, raise the chips, sell the chips, and then continue to control the chips to control the price.

It is impossible for them to cause Bitcoin to make a major correction or collapse.

In other words, after the adoption of the ETF, the lower limit of Bitcoin was raised and the upper limit was also raised.

After they entered the market, they kept buying and buying, which has caused an imbalance in the supply and demand of Bitcoin. On-chain data shows that the chips in the hands of market sellers are only enough for 12 months, while the demand for Bitcoin is getting stronger.

Does anyone know what this means?

This means that Bitcoin will be very expensive in the future. At least, it is highly likely that the price will reach 120,000 in this round of market.

3，

The imbalance between supply and demand of Bitcoin requires ordinary investors to recognize the situation clearly.

We should regard every market correction as an opportunity to pick up chips. This bull market has just begun.

The biggest pain point for ordinary investors is that they care too much about the rise and fall of short-term market conditions. Why do we retail investors lose money? It is because we cannot control our mentality in the face of market fluctuations.

Loss aversion is built into human genes.

When the market fluctuates in the short term and the money in your account becomes less, you will become afraid and will be unable to resist selling at a loss.

A qualified investor must learn to have a macro vision and see the farther peak.

If you stand on a high place and see the city of Chang'an, then what do the muddy roads and twists and turns along the way matter?

Many friends in the Thirteen Circles have withdrawn from the communication circle, and I fully support this.

Because some friends in the group, whether seriously or jokingly, always like to spread some emotions of fear and greed to influence others.

It is extremely fatal to some novice investors.

If you find someone who often scolds his mother when he loses and posts crazy orders when he makes money, please stay away from him.

This bull market is probably over.

He will use the price of losing money in this bull market to pay for his immaturity.

Some projects, such as Ethereum and the second-layer network, Apt, and sol, are very valuable tracks, and we need to focus on them.

Although it has risen a lot, there will be more in the future, and the bull market will not top it.

Just because they haven't skyrocketed like some other crap shouldn't be scolded, their future potential is endless.

What we need to do is let the bullet fly for a while.

4，

I just checked the market, and it seems that the downward trend is very strong.

Don't worry, the more it falls now, the more resolute we have to enter the market. This is an opportunity rather than a risk.

Don’t care about the string of numbers in your account. Before you cash it out, it’s just a string of numbers.

Bitcoin is actually seriously undervalued now, and Ethereum is even more so. What we need to do is to boldly enter the market and build a position.

The position remains at 70%, don’t be afraid.

On-chain data shows that the stock of Bitcoin exchanges has fallen below 12%, which is terrible.

The stock is reduced and the supply is reduced. With such strong demand, it is difficult for Bitcoin not to rise.

The only worry now is the negative impact of Bitcoin’s halving. After all, every halving in history has been accompanied by a correction.

Apart from this, everything else is bullish.

Therefore, let us put our hands together and wish that the market will make another deep correction, preferably to around 62,000, giving us a chance to pick up the low.

If it really reaches this position, increase the position to 90% directly.

If you want to get excess returns, be sure to stick to the currencies recommended by Thirteen Circles​.

5，

Finally, let’s talk about Ethereum.

This round, Ethereum’s performance can be said to have disappointed countless people, and it has always been tepid.

However, if you are a long-term investment, then the growth rate of Ethereum will definitely be greater than that of Bitcoin, so friends with small funds should focus on Ethereum.

Bitcoin’s growth rate will be twice that of a full calculation, while Ethereum’s growth rate will be at least three times.

However, in the short term, Ethereum is indeed very weak, while Bitcoin is stronger.

Therefore, short-term investment should focus more on Bitcoin, while long-term investment should focus more on Ethereum.

Give Ethereum some time, the lower you squat, the higher you jump.

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Come on, currency circle people,

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