$BTC So this morning BTChaving happened, so the question is where the price will go. If you want to know where the price will go, you have to wait another 7-10 days for the news to gradually seep out.
But one thing is certain: in the long run, prices will go up (supply and demand).
So how will the price go in the short term? I will now answer this question.
As in the previous post, I said I expected BTC to return to 58 57 and then fly to 72 and then 80, right? Why do you say that? Look at the TT structure, even though it dances a lot, the W candlestick is still anchored in an up position (only alt is selling salt). So do you think MM will break the bull structure that he had to spend a lot of money to push up? Now he hasn't been able to push anything, but after breaking it, he has to set up money to push it back up (what if you still scoop it up when it's down)? Both lead and fishing MM are not like that. (this is TH1)
So TH2 asks if it doesn't return to 58 57 but flies straight to 72-74 - that's even better, but the momentum to get to 80 is still a must (further review).
So TH1 and TH2 are both optimistic about each other.
But life is just like a dream, add TH3 and the price goes down and it breaks out of 57 and goes back to 50-45, so what? Now I pose a problem to you about the most basic thing that almost everyone knows but doesn't do. That is the allocation and management, which is the holy grail in this market. Because one thing is for sure, in the long term it will still increase, but if you still have capital to scoop it up when it drops, it will be even stronger when it increases.
And those are the 3 things I set out in the short term
We are investors and speculators, we must always set out conditions, including the worst ones, and have a solution for that problem, not just stand by and be tied down. You have to know how to look at the market and change with it, if you think you're right, you'll break your mouth.