Sharing from the community leader, everyone can pay attention to it.

Hello everyone, I am A Gan, let me talk about the monthly closing situation of the market

#BTC This morning at 8 o'clock, Binance recorded the monthly line of Bitcoin, with a high of 99588, a closing line of 96407, and a low of 66835. This means that this month, Bitcoin moved from the lowest to the highest by 32753 US dollars, with an increase of nearly 50%. The monthly line closed with a strong bullish candle, which is very powerful.

With the monthly line closing so high, the probability of adjustment this month will increase, but we just don't know when the adjustment will occur this month or if Bitcoin wants to challenge above 100000 again. If it continues to stay at this high level and does not break through, it will continue to oscillate at a high level and slowly move downward. Another possibility is that Bitcoin will challenge a new high again, breaking through 100000 quickly and then pulling back to start falling. Assuming that Bitcoin really adjusts back to the monthly line, if it pulls back to about half of the lowest point, it will be around 85000. If it pulls back deeper, it will be around 80000. After all, it rose so much last month, so a slight pullback is quite reasonable. However, the market can be merciless, and a pullback to a low does not mean a closing low. It may close back above 90000.

Having said so much, will many people think I am rambling? Let's get to the point, which is to remind everyone to pay attention to Bitcoin's adjustment this month. If you have a heavy position or have added leverage, I suggest you remove the leverage and hold only spot, so you can add positions again when there are more pullbacks. If you are a partner with no leverage but have a large amount of funds, you can also consider reducing your position, and wait until there are more pullbacks to have bullets to add positions, so you'll have more chips. If you think you entered the market at a low price and want to hold for a big bull run, you can also choose not to operate, depending on your own investment strategy.

For this month's monthly line, I see Bitcoin leaning towards a pullback, but Bitcoin's pullback does not mean that all altcoins will follow suit. Some altcoins may still have the opportunity to surge again.