Bitcoin skyrocketed for 30 days! A turning point may be coming in mid-June, and the window for huge profits is closing!
Last night it broke 110,000, and the trend fully met expectations! This round of rising momentum is strong; it seems to be consolidating, but in fact, it has been building up for a long time. Looking back at past market movements, every strong pull was preceded by more than ten days of consolidation, and this wave is likely to be a one-sided upward movement.
Don't think that a one-sided market means it will rise every day. Usually, after a strong bullish candlestick, there will be 2-5 days of volatility and adjustment. Since the launch on April 21, it has been exactly 30 days. Historical data shows that a round of Bitcoin rising typically lasts about 45 days. It is expected that adjustments may occur around mid-June, depending on the daily performance.
Practical advice: Pay attention to the 3-day MACD to judge the trend. In terms of leverage cost-effectiveness, Bitcoin is optimal at 7 times, while mainstream altcoins are in the 3-4 times range. Since April 8, operations have been divided into 30% spot and 70% contracts, and the principal has multiplied by 6 times. Opened positions 6 times, seeking steady progress throughout.
Stop-loss strategy: Set the forced liquidation price 15% below the middle line of the weekly Bollinger Bands. Precise risk control is essential for steady gains.