Just now a friend asked me this question, is there going to be a big drop⁉️
In fact, if you carefully look at my articles, each one has very clear trading logic and analysis logic, and I have specified case studies and operational methods‼️ These fall into the hands of those who are good at traffic marketing, and others will boast about their foresight and offer free trading education to fans 😂 I’ve been publishing my chief's articles like this for a year and I haven’t boasted about it, maybe I’m a bit silly and don't know how to do hype marketing.
Regarding the 70,000 mark, my advice to everyone is that this is a risk event worth paying close attention to ⚠️
Because the rise did not break through 70,000 at once, but chose to rise to around 69,000 first. Then it stopped rising and entered a sideways consolidation. Many retail investors see that 70,000 is about to be broken and crazily want to FOMO buy to push Bitcoin past 70,000, and then before breaking 70,000 or slightly after a small breakout, there will be a violent drop causing a double kill for both long and short positions. This is the point I want to remind everyone to pay attention to, don’t chase the high, Bitcoin is currently facing a risk because if Bitcoin breaks through 70,000 directly at once, it can be understood as a strong upward trend. The whales intend to quickly rise and shake off all retail investors 💰💰
But this time Bitcoin's movement is to rise to around 70,000, and then enter a consolidation at 69,000. It has given retail investors a lot of opportunities to get in, allowing many who want to chase the high to have entry points. So at this time, we need to guard against the whales making a false move, which is what I mentioned to everyone, possibly hovering below 70,000 and then violently dropping to liquidate those retail investors who chased the high or slightly rising because we are only 1,000 points away from 70,000 with a slight rise, breaking 70,000 and then quickly violently dropping to liquidate these retail investors. This has been very common in the past bull markets, I have mentioned to everyone more than once that there are many traps for retail investors in the middle of a bull market because the bullish trend certainly needs to continue, but it needs a way to make retail investors exit or eliminate more of them. Therefore, at this time, the probability of this violent drop, especially like today, consolidating below 70,000, and then doing a reversal is very high,
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