During the bull market in 2017, I saw a coin on a certain platform soar from 0.5 to 10,000, which shocked me into quickly retreating. In just a few hours, the price dropped back to where it started. Someone took out a loan of over 1 million to buy it all, and ended up losing so much that they considered jumping off a building; it was tragic. So seeing the market celebrating today also makes me wary.
Recently, BTC has been fluctuating sideways while altcoins are soaring. Many people think this is a prelude to a bull market, but I say it's a warning sign of risk. Various good news is flying around, BlackRock, Grayscale, and even some political dynamics are being used to hype up BTC, creating a delusion of getting rich quickly for retail investors. The truth is, these are just the superficial things that the big players want you to see. Without solid good news, purely relying on emotional hype will only cause people to get hot-headed, go all-in easily, and then get harvested.
The MACD on the four-hour chart is about to golden cross, which may hint at a short-term rise, but the more this happens, the more cautious one should be. Tomorrow might be the last week of the hunting moment. Don't be blinded by soaring altcoins; the market is volatile, and remember to stay away from those 'demonic coins' that have been stagnant for a year.
Today, I was bitten by APE rising 130%, reminding me once again to respect the market. While retail investors are speculating on Bitcoin and mid-cap coins, our strategy should be to reduce positions in batches in risk zones to avoid bloody lessons from wild price fluctuations. The notion of BTC reaching 100,000 should be taken with a grain of salt; longevity is wealth.
Currently, I have fully invested at the current price taking advantage of the market panic, aiming to see BTC exceed 70,000, looking forward to $BTC $ETH $SOL . If you think what I said makes sense, please share your support, and let’s witness this journey together.
