The market is currently full of various voices. Whether from the perspective of capital, technology or news, they are all proving that Bitcoin will fall below $60,000 or even reach $52,000.
Being bullish or bearish is itself the product of market game. There is no right or wrong. The point is that no matter what the result is, we must face and accept it calmly in the end and not worry about gains and losses.
Perhaps the dramatic battle between bulls and bears will take place next week!
Next week, we will focus on three major events:
1. The key US inflation data CPI will be released at 8:30 p.m. next Wednesday.
Interpretation: Higher than expected is negative, lower than expected is positive.
If the data is lower than expected and the battle is stable, then BTC will most likely see a big rebound.
Otherwise there will be a callback.
2. The focus will be on Powell’s speech at 10 p.m. next Tuesday.
Interpretation: Doves are good, hawks are bad
3. Peace talks between Israel and Palestine
Interpretation: The peace talks were successful, the ceasefire was a big win for everyone, good news.
If the negotiations fail, it will be slightly negative. If the CPI data is not ideal, it may fall below 59,000.
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How should we plan if the prices of counterfeit goods rise across the board?
1. BTC, ETH, BNB, and SOL account for 40% of the positions
2. New public chains (such as metis, etc.) account for 30%
3. Popular tracks (such as wld, etc.) account for 20%
4. Private placements (meme, local dog, etc.) account for 10%
The current market is the most difficult. Some coin friends are very anxious. Are they afraid of missing out if they are short? Are they afraid of further decline if they are full? Both rise and fall are short-lived. I hope everyone can be patient. The price of bitcoin has been rising for six or seven months. The correction is the main theme, and the rise is the lure. Slow down your pace, don't copy the coins, be a coin player. The biggest difference between the two is that the coin speculator chases the rise and kills the fall, and the coin player waits for the opportunity, buys and sells in batches, and when it rises, follow the trend and stop when it is good. When it falls, try not to be a coin speculator. Do your own thing, wait for a better time to invest in batches in the big bull coins in our group!
Never look at the growth space of a bull market with the eyes of a bear market. Currently, the trading volume has shrunk extremely, and the time for a change in the market is getting closer. No matter how the market changes, the general direction is definitely upward. If you don’t know what to configure, you can take a look at the Ethereum series, especially the second layer of Ethereum. The Cancun upgrade is just a hype expectation that can drive the corresponding price. Don’t look at the criticism of OP, STRK, and ARB now. When the market is pulled up, everyone will say it’s good!
On the contrary, when more and more people say that this is not possible, when it is time to cut losses, it is the best time for us to get on board and make arrangements, because these are other people's chips with blood on them! You must know that finance itself is a zero-sum game. When someone loses money, someone else will make money. If you want to make money, you just pick up other people's chips with blood on them!
Having said so much, I still hope that everyone will not cut their losses and will not fall before dawn, the darkest moment. We have gone through the bear markets in 2022 and 2023. Now we must know that it is undoubtedly a bull market, and it is only a matter of time before it rises!
Don’t look at the bull market top with a bear market perspective, hold on and wait for it to take off!
