Personal Chat on April 22

Bitcoin has finally come as expected. For over a month, it has been recharging faith in its fans. Bitcoin below 77,000 will likely become a near-term bottom, but many people won't believe it at that time. Only by witnessing it will they believe; by the time they believe, Bitcoin will have already risen, and they won't dare to buy! That's why I always tell everyone one thing: believe first, then see!

Currently, Bitcoin has basically broken through the 88,000/91,500 range, and the bottom has been raised to 86,500/84,800. The recent resistance level remains in the 91,500/94,000 range. Given that many indicators are approaching their targets, Bitcoin will also have a need for a pullback; it just depends on the strength of the pullback process. If the strength is small, 86,500/84,800 might repair the indicators, while if the strength is large, it could go down to the 83,500/81,800 range, which would perfectly align with the start of May for a continued upward trend. In fact, Bitcoin's movement has generally been following our expected K-line trajectory, which is why I say that only Bitcoin has meaningful K-lines, while others can only use K-lines as auxiliary references. Over the past couple of days, Bitcoin has been climbing normally by itself, without taking a break, while other coins have basically just climbed a bit before retreating back to their original points; perhaps they are all waiting for Bitcoin to break through on a large scale before they dare to follow suit! If this continues, it will essentially force all the awakened individuals to play with Bitcoin, which is a good thing because only by engaging with Bitcoin can one have a stronger grasp; as long as one doesn't harbor a get-rich-quick mentality and treats the crypto market as an investment, Bitcoin will definitely be akin to a gold-like asset. The above is purely personal chat and does not constitute investment advice. The cryptocurrency market has risks; invest with caution!

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