Black GodBit
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Bullish
The recent situation of Bitcoin ($BTC ) has indeed improved. While many people may think it's a bear market, I believe the trend is not over yet. Here, I would like to share my personal perspective.
As we all know, bull markets often experience sharp declines. Currently, Bitcoin is still in the correction phase of a bull market. The typical retracement during a bull market is around 38%. Based on Bitcoin's highest price of 109600, a 38% retracement would be around 79000, which is considered a normal pullback. Although it briefly fell below 79000 twice during this period, it quickly recovered, indicating that major institutions are defending this level, as retail investors certainly cannot drive the market. The main players are accumulating positions near this area; why should we worry? Let's join in on the accumulation. Bitcoin has never cut off anyone; the only one who can cut you is yourself.
When I say the bull market is starting, some will say I lack understanding, and indeed, everyone is guessing in this market, but guessing must be based on some evidence. Bitcoin's bull market is independent of others. Institutions are not foolish; fund management companies definitely have better investment insights than regular people. They are continuously accumulating at this price; do you think they would trap themselves at 90000? Bitcoin is a long-term investment. We need to extend the cycle a bit; don’t just focus on small fluctuations at the moment, and don’t always think that once you buy this coin, you will become rich overnight. Do you think that’s possible? Any investment that yields significant returns relies on enduring the cycle and holding onto it. Don’t sell just because it hasn’t risen in 5 minutes. Do you think you’re the market maker? That anything you buy will rise? Investment requires a bit more patience!
I have started buying Bitcoin again for spot holdings. I believe that what I buy at this price will exceed 120000.
Why do I think Bitcoin is starting to improve? Because from the 4-hour structure, it has entered a narrow triangular zone. If it breaks the main downtrend line at 87500, it will rise rapidly. Moreover, its lows are consistently getting higher, and the fact that it didn’t drop over the weekend is a good sign. However, we must also guard against Japan's interest rate hikes. If you are trading contracts, make sure your liquidation price is controlled below 6 for maximum safety to avoid black swan events. This does not mean it will definitely drop below 7; it’s just adding a safety measure for yourself.
Contract strategy: Go long around 84000, using a 10x leverage with one layer of positions. Take profit at 87400 and stop loss at 80749.
As we all know, bull markets often experience sharp declines. Currently, Bitcoin is still in the correction phase of a bull market. The typical retracement during a bull market is around 38%. Based on Bitcoin's highest price of 109600, a 38% retracement would be around 79000, which is considered a normal pullback. Although it briefly fell below 79000 twice during this period, it quickly recovered, indicating that major institutions are defending this level, as retail investors certainly cannot drive the market. The main players are accumulating positions near this area; why should we worry? Let's join in on the accumulation. Bitcoin has never cut off anyone; the only one who can cut you is yourself.
When I say the bull market is starting, some will say I lack understanding, and indeed, everyone is guessing in this market, but guessing must be based on some evidence. Bitcoin's bull market is independent of others. Institutions are not foolish; fund management companies definitely have better investment insights than regular people. They are continuously accumulating at this price; do you think they would trap themselves at 90000? Bitcoin is a long-term investment. We need to extend the cycle a bit; don’t just focus on small fluctuations at the moment, and don’t always think that once you buy this coin, you will become rich overnight. Do you think that’s possible? Any investment that yields significant returns relies on enduring the cycle and holding onto it. Don’t sell just because it hasn’t risen in 5 minutes. Do you think you’re the market maker? That anything you buy will rise? Investment requires a bit more patience!
I have started buying Bitcoin again for spot holdings. I believe that what I buy at this price will exceed 120000.
Why do I think Bitcoin is starting to improve? Because from the 4-hour structure, it has entered a narrow triangular zone. If it breaks the main downtrend line at 87500, it will rise rapidly. Moreover, its lows are consistently getting higher, and the fact that it didn’t drop over the weekend is a good sign. However, we must also guard against Japan's interest rate hikes. If you are trading contracts, make sure your liquidation price is controlled below 6 for maximum safety to avoid black swan events. This does not mean it will definitely drop below 7; it’s just adding a safety measure for yourself.
Contract strategy: Go long around 84000, using a 10x leverage with one layer of positions. Take profit at 87400 and stop loss at 80749.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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