The rise and fall of BTC is determined by the relationship between supply and demand. That is, when there are more people selling, it will fall, and when there are more people buying, it will rise! Then these factors are determined by negative and bullish emotions! Why are you bullish, why are you bearish, why are you buying and why are you selling! The amount of Bitcoin is constant at 21 million. If there is more demand, it can only rise. This is why BTC has risen from a few cents to tens of thousands of dollars now!

So what happens next? Is there more or less demand?

The BTC spot ETF has been approved, which means that there will be infinite funds entering the market in the future, and more traditional investors will flood into the market. This will be a torrent of influx! Furthermore, Hong Kong’s Bitcoin ETF is about to be launched, and it is estimated that Bitcoin ETFs in other countries will also be launched accordingly!

In May, BTC was halved. Some people say that subsequent halvings are of little significance because most of the Bitcoins have been mined and circulated! In fact, this is not the case. The halving means that the income of miners is halved, and the cost of mining increases by half! If mining is loss-making, then no one will mine, so it doesn’t matter how many BTC can be mined after the halving, but every halving can push the price of BTC to a higher level! This time the cost of BTC mining will be halved to around 35,000U.

There is a high probability that the United States will cut interest rates this year, which means more funds will be released into the market. Now that the global economy is unstable, the return on investment in real estate and stock markets will not be very satisfactory! Then more of this money will flow to the cryptocurrency market!

According to the above analysis, the demand for this BTC is very huge! Everyone, hold on to your chips and don’t be fooled by various short-term bad news! Even if Grayscale sells every day, several other ETFs are net bought every day, so the short-term decline is an opportunity to continue to add positions! This opportunity is not only for retail investors, but also for institutions to add positions at low prices to gain chips!

At this time, just grab the chips in your hand and increase your position on dips. If you stick to it until 2025, you will definitely gain good results.

$BTC

Regular funds enter the market quickly

The approval of ETF will bring more traditional funds into the market. Institutions may have already planned to build positions. At this time, the adoption of ETF may be a joint effort between institutions and SEC to induce long shipments! From a short-term perspective, there should be a relatively large correction! In the long run, BTC will definitely reach more than 100,000 U!

But I still recommend that you don’t go short. At least half of the position should be in spot. If it falls, you can cover it. If it rises, you won’t be short! Because it is difficult for retail investors to grasp the rhythm of the correction. How much of the correction should be taken to enter the position? 40,000? Or 36,000? This rhythm is difficult to grasp! When it drops to 40,000, will you wait for a lower point? If it doesn’t pull back, it first reaches 60,000 and then drops to 55,000, are you still waiting for 40,000? Maybe if you start the mad cow directly, you will completely miss the entire bull market!

So don’t be short during this period. It will be halved in May this year. At that time, the mining cost of BTC will also reach around 35,000. It is definitely going to take off!

Maybe it will reach more than 3W after a while. Maybe you will think how great it would be if I cleared my position at 47,000? If it’s more than 3W, I’ll take it back! But who can 100% grasp this rhythm?

Because now is the critical moment for Niu Chu, not a bear market! So it is better not to take this band than to take even a 10% risk and miss the entire bull market!

36000 is waiting for a callback, 42000 is waiting for a callback, and 48000 is still waiting for a callback! Don’t go short now in Niu Chu! If it breaks through 48,000, it may go directly to 60,000 points. If the ETF passes, even if the benefits are exhausted and there is a correction, it will still be a real benefit, which means that a large amount of funds will enter the market, and it will definitely be pulled up! Even if there is a correction, there will not be a major correction!

You can half-position the spot, you can advance, you can attack, you can retreat, you can defend. Being short is much more uncomfortable than being trapped. If it reaches 60,000, will you advance or not? It is possible to miss the entire big bull market! Even if you are trapped, it won't last long, at most half a year. If it falls, just cover up the position!