Last month's market analysis was still quite accurate, continuing to be optimistic about BTC and trying not to make short-term trades to avoid being shaken out. Do not overly pessimistic about the USD, nor overly pessimistic about ETH and altcoins, as there may be opportunities for a rebound.
The shortcoming is that I did not expect BTC's rise to be this significant, and such a high price could nearly double in just over a month; altcoins are almost experiencing a widespread rally, which is inconsistent with the expected localized rise, especially the old coins like XRP, EOS, DOT, BCH that were spurned by retail investors, showing the importance of not having biases in investments.
Now BTC has stabilized at 100,000 USD and is consolidating. Many people are actually quite anxious inside. Most have been tormented by this half-year's difficult market and got off the train as soon as the market started; should they chase it now that they are not on the train? If they chase, given that it has already risen so much, will BTC pull back at any moment and bring down the overall market? Zhao Youdao analyzes the market.
Go with the trend and act against the minor trends.
What is the major trend? If in the past BTC could still be regarded as a speculative product with some influence, then when BTC breaks the milestone of 100,000 USD, when major American companies spare no expense to buy in, and when Trump was actively planning in the crypto field even before taking office... at this point, the major trend has been established.
Now BTC is no longer a 'tulip that could go to zero at any time' speculated by a small group of people. It is no longer a market that can be manipulated at will by a few miners and large holders, nor can it be arbitrarily banned by a piece of paper; the crypto market has become a field recognized by major countries in the world, where global capital and multinational companies are eager to invest.
