Everyone is paying close attention to the recent Bitcoin market. Let me briefly share my views:
1. About the current market stage
- If we count the bull market starting point from January 2023, it has been 890 days now
- If we count from October 2023 when Bitcoin broke through its previous high, it will be 595 days
- The current trend is somewhat similar to that of 2021, and there are two possible directions in the future:
a) First pull back to 95,000, then pull up to 150,000+
b) Directly break through the new high and then peak
- The most optimistic forecast is that it will reach 200,000 by the end of the year, but no one can predict for sure
2. Advice for ordinary investors
(1) Don’t always think about selling at the highest point
- The bull market will always end, the important thing is to stop profit in time
- It is recommended to sell in batches, don't try to get rich overnight
(2) Long-term investment is more secure
- If you like Bitcoin, hold it for the long term, don’t mess around with it
- Many newcomers always want to get rich quickly, but end up losing money
3. Four essential methods to make money
(1) Lay a solid foundation first
- Don't just buy what others tell you to buy.
- Be able to give at least 3 reasons to buy
- If you want to play with financial management, you must first understand various terms
(2) Manage your positions
- Don’t buy all coins, focus on 1-2 areas
- It is recommended to hold no more than 5 coins
- Plan your position ratio in advance
(3) Develop specialties
- If you like writing articles, you can open a public account
- If you like to talk, you can do a live broadcast
- Good at data analysis and can find alpha opportunities
(4) Focus on other markets
- Don’t just look at the cryptocurrency world
- Also pay attention to the trend of US stocks and gold
- It is better to understand macroeconomics
4. The most important thing
- The body is the capital of revolution
- Don't stay up late to trade cryptocurrencies and hurt your health
- You can never make enough money, but health is the most important thing
Brief summary:
The market may be approaching the late stage now, so newbies should not always think about getting rich overnight. First learn the basics, manage your positions well, and find an investment method that suits you. Remember to stop when you are ahead, and staying healthy is the most important thing!
BTC
The interest rate meeting in the early morning was neutral, the dot plot expected two rate cuts, Powell's speech was neutral, the price did not fall below the lower edge of the triangle in the second exploration, and the triangle consolidation is expected to continue! Falling below 103370, the expectation is denied!
If you enter the market around 104000-104500, you should take profits and protect your capital loss! The rebound target will first look at 106500-106800! Pay attention to the distribution opportunities at the upper edge of the triangle 108500-110400!
ETH
The short-term support is 2500-2480. If it is not broken, there is an expectation of an upward rebound. The target will first look at 2570-2610! However, 2610 is still a volatile pattern!
SUN
Yesterday, the price reached 145-144, and we have already entered the market. We will make a profit and protect our capital loss! The target is 153-154! We will defend at 139-134 below!
The information and data involved in the content are derived from publicly available materials, and we strive to be accurate and reliable, but we do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and you are responsible for your investment based on it!
