Bitcoin's crazy rise may soon come to an end! In the past 20 days or so, Bitcoin has surged, directly rising from around 74505 to as high as approximately 97895, soaring nearly 23000 points, a remarkable increase. However, the market is always rational, and such an exaggerated upward momentum is nearing exhaustion. The upcoming trend may catch many investors off guard - a major correction may truly be on the way!
From the current market performance, the upward momentum of Bitcoin has clearly weakened. This round of crazy rising seems to be nearing its end, and we are likely to see a deep correction soon. The preliminary estimate is that the target price for the correction may be around 10000 points, meaning Bitcoin may once again rise to around 98000 and then gradually fall back to around 91000 or 89000. Of course, this correction will not happen all at once; there may be struggles from bulls, profit-taking, and back-and-forth action at key support levels. But no matter how it goes, it is within my prediction range.
Yesterday, I mentioned in my post that Bitcoin would have another wave of increase when the non-farm payroll data was released, and indeed the market rose as I expected. At the same time, I pointed out that there would be oscillations after the non-farm payroll data was released, and currently the market is operating according to my prediction, with the correction having quietly begun!
So, how should we view Bitcoin's trend moving forward? There is a very key time point here - the Federal Reserve's interest rate meeting will be held on May 8. The impact of this news is impossible to predict accurately in advance, but if negative news emerges, Bitcoin may face a significant drop; conversely, if a rate cut signal is released, the market may undergo a dramatic change. However, regardless of how the news changes, this round of a decline around 10000 points is almost unavoidable.
In this case, the investor's operational thinking is actually very simple. If Bitcoin can rise above 97800 and 98000 again, it will be an excellent opportunity for a short position. If Bitcoin can drop to around 95000 today and stabilize, it will be a good time to take a short-term long position. In simple terms, the opportunity for high shorts and low longs has arrived.
The market is always full of uncertainties, but as long as key nodes are grasped and the operational rhythm is managed, opportunities can be found amidst the volatility. The correction in Bitcoin may just be temporary, but during this adjustment, smart investors may find new entry points to welcome the next wave of market movements!
#加密市场反弹 #币安HODLer空投STO #稳定币日常支付 #币安Alpha上新 #BTC走势分析