Yesterday someone asked me: 'Will Bitcoin break 80k?'
I replied: 'Whether it breaks or not is not important; breaking 80k does not mean there will be a big drop. What is important is to judge and analyze the overall bullish and bearish forces in the near term.'
He said: 'No matter how you say it, it is currently falling, and it will continue to fall next.'
I finally said: 'Whether it breaks or not is not the focus; the focus is when the stop-loss signal appears, whether the stop-loss signal has appeared. If it breaks 80k and you can't understand the stop-loss signal, you will still continue to wait. The market rising has nothing to do with you.'
Some people might feel that I answered, but also feel that I didn't answer; what I'm saying is just the truth.
So what if it breaks 80k? If it drops to 79k and a stop-loss signal appears, but you can’t understand the stop-loss signal, then you think that breaking 80k will continue to fall, and if 79k stops falling, you will naturally continue to wait.
If it hasn’t broken 80k and a stop-loss signal has appeared, yet you fear it will drop to 80k, you will keep waiting.
Regardless of the situation, the ultimate strategy is to 'keep waiting continuously'
So, the problem is not whether it will break 80k, but whether one can recognize when the market stops falling. Otherwise, if it breaks 80k, you will worry about breaking 70k, and if it breaks 70k, you will worry about breaking 60k.
Wasn't Bitcoin just like this before it rose to 110k? The market fluctuated between 50k and 70k, dropped from 70k to 60k, from 60k to 50k. Even when it dropped to 50k, people thought it would drop to 40k or 30k, but the market eventually rose to 90k and 100k, and they couldn't help but chase in.
In my articles from a few days ago, I discussed the market of Bitcoin and Ethereum, using weekly charts to judge bull and bear trends and daily charts to judge short-term bullish and bearish strength.
It has all been explained clearly. In my view, I have a very clear direction for the upcoming market. But if one doesn’t understand, they will be afraid, hear various news, and see the market pull back these days, worrying about further declines.
Especially since Ethereum has fallen to around 1700 again, many people are worried that Ethereum will break its previous low. If it breaks the previous low, it will continue to fall sharply, and altcoins will also plummet.
But if you can see the subtle clues in the entire sideways range:
Do you know what it means when there is a decreasing volume drop in a sideways range? Do you know what it means when the K-line body gradually shrinks? Do you know what it means when there is no new low? Do you know what 'bottoming fluctuation' means?
You will not blindly worry just because you see the market falling.
However, in this information age, the more confused you are inside, the more panicked you become. The more panicked you are, the more you seek various people for advice, wanting to know the answer.
Often, the more anxious you are, the more likely you are to make mistakes and be led astray.
Because you will lack the ability to think and discern; you latch onto someone and ask, but this person may have never made money in the crypto circle, a true novice, yet you believe them.
Therefore, to forge iron, one must be strong themselves; if you don't even have the basic understanding and only seek news from some inexperienced people, always staying in the circle of losing money, you will only enter the vortex of death.
If you are just entering the market, come to me, follow me, I will teach you how to learn while operating;
If you are already in a not-so-ideal situation, you can come to me for help, and I won’t let you make the same mistake again. If your position is trapped, I will provide a reasonable resolution based on your entry point.
Because everyone's entry points are different, the methods of resolution will also be different; some are suitable for conservative investors, while others are suitable for aggressive investors.
I will definitely use the most appropriate method to genuinely solve your problems and assist you in exiting.
