$BTC Golden Cross has appeared, don't rush to chase the price up!
Historical patterns show that after each Golden Cross, Bitcoin must first plunge 10% before reaching a new high.
After the Golden Cross in February 2021, it dropped 10% in 7 days, and in March 2024 it was even harsher, first dropping 11% before a violent rally. In simple terms, the Golden Cross is a "trap" deliberately set by the main players, first raising the price to lure retail investors in, then crashing it to wash them out, and finally when the real breakthrough happens, retail investors have already been left behind.
This week, Bitcoin has corrected 8%, completely in line with the "routine". The key now is to watch the support level of $104,000-$105,000, where there is clearly capital supporting it. However, pushing up to $110,000 is obviously lacking momentum, indicating that the bulls need to catch their breath.
Two scenarios for the future market:
Holding above $105,000: There's a high probability of directly rushing to $150,000, repeating the pattern of "Golden Cross plunge → washout → breakthrough". Falling below $100,000: It may retest $90,000-$95,000, but don't panic, this is the main players' final washout, dropping down may actually allow for bottom fishing.
Personal opinion: The Golden Cross has never been a "charge signal", but rather a "starting gun"; the main players often crash the price before the rally, and this routine has proven effective time and again. Now, either lay in wait around $105,000 or wait to pick up shares after falling below $100,000. Don't be scared away by short-term fluctuations; the real market is still ahead!
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What to do if your positions are trapped? Always a step slow in chasing price up or down? Don't panic, this is all a necessary journey! The most fearful thing in investing is to build a car behind closed doors; instead of struggling alone, it’s better to follow along @加密鑫法 .
