The market has been volatile for more than three months. In addition to the strong outbreak of hot altcoins, sub-mainstream and other public chains have also performed frequently, giving people a feeling of precariousness.
But if you magnify the cycle and use the weekly chart to look at it, it is actually not that complicated.
It is obviously a wide range of fluctuations at present. The deep correction in April was just a way of washing the market.
The reason is very simple. From January to March 2024, the altcoins rose sharply, so that many players with high leverage had high returns, which is not good for the main players.
Therefore, deleveraging is particularly important. Only when the car is light can there be a chance to rise.
Many people always think that BTC will go below 50,000. Here is a point to think about: Bitcoin ETF officially started trading in January 2024, when the price of Bitcoin was around 43,000.
That wave of rise was very fast, and And the volume is rising healthily, which is enough to show that the market has reached a consensus.
In other words, the pressure is converted into support. After so many hardships, BTC finally broke through as expected. It is as difficult as ascending to heaven to go down.
Even if it falls, there is no eighteen levels of hell, because BTC broke the previous high, and the number of ETF purchases is also steadily increasing. These are the solid foundations of the currency circle.
No matter from which aspect, the subsequent market rise is easier than the fall, and it is also more conducive to the development of the entire industry.
Adhere to the spot trend market, don’t be obsessed with short-term ups and downs. At this stage, patiently holding the spot is the best choice.
2024 looks very turbulent, but every round of wealth opportunities is a big wave of sand, and the best are selected. Those who can leave wealth must have outstanding qualities. The exciting plot will not be far away from July.
The current stage is suitable. Brother Jiu is ready to buy a fresh bottom, and the short-term fluctuation is expected to be 30%. Fresh can follow the layout to find me, share Mi Ma with iron fans to eat meat together. Free of charge! ! ! Join the team to discuss and exchange! ! ! !
