No matter how high BTC rises
There will definitely be a significant drop starting with 7
No matter how high BTC rises this time, the final result will always be a drop to the vicinity starting with the number 7. Whether BTC rises to 87600, 89000, or even 92000, it cannot escape its fate of a major decline. Why?
1. It is not yet the time for a substantial rise. Whether it's sentiment, funds, or news, none of these factors are aligned. For BTC to rise significantly, it must coincide with the Federal Reserve cutting interest rates, and the Fed has not yet made a clear stance. The current rise is merely a large rebound, not a reversal.
2. From 100,000 to 70,000, there are too many trapped positions above. Without the Fed cutting interest rates and without new funds entering the market, the market's liquidity remains unchanged. Existing funds and current retail investors cannot support a rise to 100,000. The main players cannot possibly absorb all the trapped positions in one go and then turn into a trick to help retail investors break even.
3. Before a major rise, retail investors must be heavily washed out; otherwise, the load is too heavy to lift. Therefore, there will definitely be a drop that exceeds your understanding, and there will also be a deep spike. BTC cannot rise without a major drop and spike.
So, do not chase after more in the spot market; there is still an opportunity for a significant drop, and this opportunity may even break 70,000. Altcoins may even hit new lows!
There will definitely be a significant drop starting with 7
No matter how high BTC rises this time, the final result will always be a drop to the vicinity starting with the number 7. Whether BTC rises to 87600, 89000, or even 92000, it cannot escape its fate of a major decline. Why?
1. It is not yet the time for a substantial rise. Whether it's sentiment, funds, or news, none of these factors are aligned. For BTC to rise significantly, it must coincide with the Federal Reserve cutting interest rates, and the Fed has not yet made a clear stance. The current rise is merely a large rebound, not a reversal.
2. From 100,000 to 70,000, there are too many trapped positions above. Without the Fed cutting interest rates and without new funds entering the market, the market's liquidity remains unchanged. Existing funds and current retail investors cannot support a rise to 100,000. The main players cannot possibly absorb all the trapped positions in one go and then turn into a trick to help retail investors break even.
3. Before a major rise, retail investors must be heavily washed out; otherwise, the load is too heavy to lift. Therefore, there will definitely be a drop that exceeds your understanding, and there will also be a deep spike. BTC cannot rise without a major drop and spike.
So, do not chase after more in the spot market; there is still an opportunity for a significant drop, and this opportunity may even break 70,000. Altcoins may even hit new lows!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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