Bitcoin has reached 94K, and the market should not be over; the upward momentum will continue. At this time, some people are worried about a cliff-like drop, but I think the probability is low. If you're cautious, you can wait for next Monday's close, above 88.8K, which will basically establish new upward space.
This is the OM that once increased by 200 times, dropping 90% in one hour. Tell me, how can retail investors compete with well-capitalized players? How is it possible not to get liquidated?
I've thought of a thousand possibilities and knew it would fall. I never expected such a cliff-like, suicidal, zeroing-out exit from a star project.
In the crypto world, you have to believe that anything is possible!
Dead cat bounce market, technical indicators often fail in a bear market, with the US $37 trillion in debt and more ghost stories to come. If you want to chase high and jump in, be careful not to get buried.
In this round, the direction of Bitcoin does not indicate a reversal trend; it is highly likely just a dead cat bounce! Last time, Wang Dong announced the inclusion of BTC and other cryptocurrencies into strategic reserve assets, and the price surged from 78K to 94K, followed by a retaliatory drop the next day.
This time, Wang Dong announced a delay in tariff adjustment for 75 countries, with a 90-day buffer, causing the price of Bitcoin to rise from 74K to 83.5K, nearing a 20,000-point space.
However, it ultimately cannot change the downward trend, and it is not advisable to chase the high.
This kind of news was very positive at the time and played an important role in driving cryptocurrency prices to their peak.
When Trump was elected president, various overwhelming messages came flooding in, the entire market experienced FOMO and excitement, but soon after, the price reached its high point.
Trading is all about speculation and conspiracies; now that he has been elected chairman of the SEC, the retail investors in the market have become numb, but most of their funds have already been lost.
The method of Liang Xi is something that ordinary people cannot achieve; everyone's success is unrepeatable, and everyone's failure is almost the same.
However, his existence is definitely legendary, and at the same time, it is a double-edged sword, bringing hope for retail investors to turn their fortunes while also bringing destruction to them!
When it comes to trading, you shouldn't overthink it; you should often operate with a clear mind. If you're thinking too much, it means that even opportunities may not be very good ones. Good opportunities are not thought out, but rather shown by the market.
Just look at it with the simplest perspective; behind it is the game of human nature, and the candlestick charts are just the surface, which can be deceptive.
The sharp decline in the market has ended. Such significant market movements may occur once a month or even every six months. A gradual decline will become the main tone. If 74K is the bottom, there will definitely be a second bottom testing. If it breaks 74, then 62K will be the bottom.
April and May are the months to buy at the bottom, which has already been emphasized many times.
Breakthrough traders can be very tormenting! Before a real breakthrough is confirmed, there will be repeated false breakthroughs, and true breakthroughs often occur after several false breakthroughs, exhausting the emotions and mindset of the traders. Being a breakthrough trader involves enduring a lot, and of course, one may think about giving up.