⚠️⚠️Attention!! The signal for a trend reversal in Bitcoin has already appeared! Even Trump's victory cannot change the upcoming downtrend, and all accumulated volume is about to explode!
The Bitcoin market in October was like a dam intercepting floodwaters, continually raising the water level, almost without releasing any water. On the last day of the month, it finally couldn't hold back anymore and chose to release the water!
In my previous article, I mentioned that in November, even if there are favorable news, the market still lacks a significant drop. Even if it’s not a black swan event, I didn't expect this time to directly surge to a historical high of 73000! This is also releasing a signal that in this bull market, 100,000 USD may only be halfway up! 150,000 USD cannot fully confirm it as a peak!
Speaking of the upcoming Bitcoin market, it tested around 73000 before the drop. The main reason it didn't rise is discussed in my previous article. It depends on whether the market can be harvested at a good price when the whales decide. Once it breaks through, it may rise uncontrollably again; if it doesn't break through, it can be easily manipulated!
Those who bought at 72000, thinking this time it would break 73000 and directly reach 75000, just be patient while being stuck! This time down will definitely lead to significant consolidation. The whales are unloading above 70000; what price do you think they will choose to buy back? Below 65000 for sure, and there's even a possibility of 58000!
Next trading operation suggestions: first target around 68000, second target at 65000, third target at 63500. Set your own take-profit orders based on your risk tolerance!
Finally, I would like to share my trading insights with everyone:
1️⃣ Never go in heavy, enter in batches, and have a mature trading strategy.
2️⃣ In the crypto circle, do not engage in ultra-short-term trading; spikes will always make you regret it. Avoid frequent trading.
3️⃣ When trading, you cannot rely solely on technical indicators; you must also analyze the market environment. Entering the market must be at ideal points, and exiting should never be greedy. The money from trading can never be fully earned, but it can be easily lost!
