Market summary:
Many people are optimistic about the current rebound of Bitcoin, but I may have to pour cold water on it.
In terms of current market data, the capital sentiment is not optimistic. Although there is sufficient capital in the market, the suspension or outflow of external funds represents a lack of follow-up strength or sentiment.
At present, Bitcoin not only needs to rebound, but also needs to rebound and break through key positions. The most important thing is to hold the key position to stabilize, consolidate, fluctuate, change hands, and then effectively stabilize emotions before looking at higher breakthroughs. After all, the current breakthrough is not a new narrative ignited by emotions, which is a big positive. Therefore, the volume and emotions required for the rebound breakthrough are very important, and the data feedback brought by the current market rebound is not optimistic.
Of course, during the decline, we don’t have to be pessimistic about whether the bears are coming or not. The market fluctuates and falls, which is just a natural emotional decline process after high emotions. As for how much it falls, it depends on how much buying volume is stimulated by the market consensus, and then accompanied by market hype and how emotions stimulate internal buying volume and external funds inflow support.
As for the altcoins, as long as Bitcoin stabilizes above 60,000 on the weekend, it is an acceptable safe range for the altcoins, so there will be more opportunities for the altcoins on the weekend. Now the shock and decline of Bitcoin has made the altcoins gradually immune and adaptable, and the opportunities given to the altcoins on the weekend are also an opportunity for everyone to adjust their positions. It does not mean that if there is a market for the altcoins on the weekend, you should increase your positions without thinking.
In the end, if you have light in your heart, the road ahead will be clear.
