Don't panic! The last bullet is about to be full!
I said before that Bitcoin will pull back to around 58,000 at most, and now it has reached this position.
And every time there is a big pullback in the bull market, there is a high probability of breaking through the Bollinger band middle track of the weekly line. Now it is very close. The current price of the middle track is around 56,000u. I think it is likely to hit the middle track and then fluctuate around the middle track. In any case, the market is getting bigger and bigger, and now the cottage basically doesn't follow the decline, but opportunities come from the decline! As the reference logic above! 1. Before 21 January 1994, Bitcoin rose 303% from its launch to its peak, and then fell back 39.8% in 1994. 2. Before 519, Bitcoin rose 447% from its launch to its peak in the 21-year bull market, and then fell back 55.5% in 519. 3. Since 24, it has risen 190% from its launch to its peak, and then fell back by about 22%.
The higher the Einstein rises, the deeper it will fall. Compared with the previous rounds, as the volume increases, the ratio has been rising, and the market has not had the expected negative impact, which has caused Bitcoin to plummet by 50%. That is a foolish dream.
This position will only last for about 10% of the space at most, but will you avoid this 10% in the future and miss the second half of the bull market? Obviously it is unwise.
I firmly believe that the bull market is still there, and it is just a halftime break.
There is no need for a general rise in the second half of the market, as long as there is a hot season, it will be enough. It is the most uncomfortable to play with contract leverage in this market, and it is very comfortable to have spot goods honestly. As I said before, the bull market is actually a process of persistence. The competition is about who can persist to the end. If you are willing to persist, you can cut your losses. It's that simple.
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