From Friday to the weekend, there has been a continuous decline and fluctuation. Many brothers are starting to feel anxious again, fearing that next week will see a deeper drop and a waterfall-like washout. Many fans are asking what to do next.
Because historically, after each dip, there is a rebound of about 20 days. You can refer to the major dips in September 2023 and July, August, and September 2024. All of these saw rebounds of over 20 days, followed by a wave of normal daily line movements, lower bounds, or even weekly level corrections.
Similarly, after each new high of Bitcoin, there will also be a significant correction. This time, since Bitcoin has broken 11, will there be a correction? The answer is definitely yes, but not immediately. I believe it will continue to rise for a few more days next week, with Bitcoin likely reaching around 115, and then starting a daily level correction. Before that, you can hold your spot positions; when it reaches that point, you can sell, reduce positions, or clear out and buy the dip again.
Everyone can calculate that since the recent new high of Bitcoin, it has been two weeks of decline. How will it move next? History has astonishing similarities. Many people have leveraged this new high of Bitcoin to drive up altcoins and recover some losses, but more often, this slight increase can be wiped away by a single waterfall. Of course, this is just one of the techniques for judging trends; preserving profits is the most important!
How will it move next? Keep an eye on wheat!
