The market fluctuates too much, just like a roller coaster. It fell to 54,000 yesterday morning, but rebounded immediately, and fell sharply again in the evening. In order to prevent retail investors from making money, they repeatedly washed the market, washing long orders and short orders.
One thing is certain that the short-term high point of Bitcoin is 58,000.
The last bottom-fishing continues to hold, and the next entry point is in the 50,000-40,000 range. It is mainly sold by the German government. The Mentougou compensation incident is inevitable.
Especially in Germany, starting from July 1, Bitcoin has been transferred every day.
These three big players currently hold 396,210 BTC (US$22.78 billion):
Germany: 41,226 BTC (US$2.28 billion)
United States: 213,297 BTC (US$11.72 billion)
Mt.Gox: 141,687 BTC (US$7.78 billion)
These coins cannot be processed in the short term, so the overall market will still fluctuate and fall. After the oversold rebound, it will continue to explore support, so don’t be scheming, just run when you make money
The current trend is similar to the previous bull market, especially in the stage of decline and consolidation after the first wave of upward movement. Just as the waterfall market on May 19, 2021, the market ushered in a new round of rise. Only by enduring loneliness can you become the final winner.
If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or Heyue, the opportunity is short, you must seize it!
Success is not based on luck, choice is more important than hard work
