An indicator that closely resembles the trend of Bitcoin ------ M2 Global Liquidity
1. In fact, looking at Bitcoin based on M2, the stage that BTC is in is a correction phase. There is a time difference of 70-100 days (in advance) between M2 and BTC trends. So whether it’s 70 days or 100 days, the corresponding M2 correction phase has basically been completed, and the subsequent phase might be a surge to new highs, especially with the strong rebound in the past couple of days. 2. From a technical analysis perspective, I believe as long as the weekly close of BTC is not below 102000, it can maintain an upward trend. 3. Actually, I have correctly predicted several major trend directions and approximate bottom/top positions based on M2 🌚#比特币
! About the first prediction of btc rising to 116000!
Strictly speaking, as long as btc is counted from the low point of the decline at 100300, it can complete a breakthrough to the previous high, reaching around 114000-116000 within two weeks (it must be within the total time of the previous decline). Now, almost 6 days have passed.
The peak of the rise is difficult to determine, but it can be judged that this time the rise will not directly break through 120000; it will need to retest 107000-108000 once again. The daily line must not close below or create a false breakdown. Only then will it attempt to hit 120000 again.
For all those holding low-position longs (below 108000), that’s fine, there’s no need to worry at all.
Additionally, btc dominance is continuously declining, and it's quite noticeable that many altcoins have been surging recently, so just pick some good altcoins to invest in (defi, Ethereum series, mainstream).