Brothers, the price of bitcoin has exceeded $90,000. At 9:30 last night, the US announced that the October CPI data was in line with expectations. Then within 4 hours, Bitcoin soared by $6,000, reaching $93,263 before pulling back.
Bitcoin's crazy rise this week has attracted many newcomers to the cryptocurrency circle. Now the fear and greed index has reached 88. The market is extremely greedy and overheated, and emotions need to be released. Bitcoin above $90,000 may fall back to below $80,000, which will "harvest" impulsive leeks.
Do you still remember the trend of A-shares before National Day? Bitcoin may follow suit, first make a deep adjustment and then resume upward. The pullback is the natural trend of the market, and everyone should look at it calmly and rationally. A few days ago, CZ also reminded us to do a good job of risk management and control greed. After all, this is a game of real money and silver. Don't lose money because of emotions.
After Bitcoin hit a new high, the unilateral upward trend is strong, and the consolidation trend is also going up. The decline is an opportunity. You can buy spot with a small position in the early morning pullback. Control your position well. Even if you are trapped, don't worry too much. The price will soon rise. Fear of heights can easily lead to missed opportunities, and the bull market has just begun.
The logic of this round of Bitcoin's rise is related to the hype related to Trump and Musk. Among MEME currencies, Bitcoin and Dogecoin are the leaders. Dogecoin will rise with Bitcoin. At present, the market has not yet reached the altcoin sector, and the opportunity cost of ambushing altcoins is too high. #BTC00929
