Bitcoin is only 2000 points away from the 70,000 mark‼️‼️ Could it break through directly⁉️
It's been nearly 3 days of consolidation, and during this time, many masters have started talking about their certain altcoins taking off again to cash in 🛫 I can understand, the perpetual profit masters, after all, there’s no market for Bitcoin and Ethereum, so they can’t just claim to be making money, they can only talk about the profits from altcoins to cash in on retail investors 😂 But I'm a bit foolish, I've said I won’t randomly push altcoins, so I won’t, and I won’t suddenly shout about my layout in this or that altcoin to make a killing when there’s no market. I’m just an honest person, aligning knowledge and action; otherwise, how could I make money in trading? 🙃
Speaking of Bitcoin’s market, in fact, there’s not much distance left to the 70,000 mark, just 2000 points. So I’ve been telling everyone since September not to think it’s difficult for Bitcoin to break the historical high. If you look at the market rationally, it’s just a mere 6% of 3 daily candles‼️ Right⁉️
Three daily candles closing at 6% is quite common, so when many friends asked me whether to sell the Bitcoin they held, I clearly replied, don’t worry, going to 70,000 again is not a problem. Just look at it now, hasn’t it already come⁉️
So I’ll reiterate the core of trading: everyone should avoid falling into numerical traps. For instance, many people missed out this time because they felt it was difficult to go from 60,000 to 70,000 or even a new high. In fact, if you look at it rationally, as I just said, it’s exceedingly easy. Next, I’ll also review some of Bitcoin’s historical performances after consolidating around 70,000, and you can see that almost always, it uses retail investor psychology to create a wave of consolidation before breaking through the 70,000 mark in one go. Of course, I’m not telling you to mindlessly chase the highs, but to tell you that when viewing the market, do not let numbers affect your mindset ⚠️
The image cannot be sent, please refer to the consolidation trend of Bitcoin from May 16 to May 20 🙏 Do not guess the top and short
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