I have indeed said too much about the recent market of BTC. There are only three points that need your attention. Of course, it’s okay if you think I’m talking nonsense. After all, the money is yours. You won’t give me a penny for your earnings, and I won’t make up for your losses. Your own investment must be paid for by your own cognition. At least I use my strategy myself, and I can still make some money.
#BTC🔥🔥🔥🔥🔥🔥 1. Bottom structure
This is about the mentality of investors. For example, the support of $65,000 is still very strong. This support level is because there are too many BTC.
Some friends said that there are too many chips near this position. Shouldn’t it be very dangerous? Once it falls below this position, won’t it cause panic selling? Why do you say this is a support?
This question is quite good, but unfortunately, I haven't been reading my articles. My articles are really long. If the logic is not explained clearly, many friends will not understand it. Friends who have been reading should know that my judgment on the support structure is not just that the more chips, the better. On the contrary, I often remind that if there are too many chips at a single price, there will be a direction.
But this time, there are two reasons that make me sure that it is a good support.
1. Although there are many investors around $65,000, most of these investors have missed the previous rising part and newly built positions. After three weeks of washing, most of these investors have left. The rest are basically aiming for long-term holding. In other words, most of the investors who fall at a low price have no intention of leaving.
2. The chips at this position are relatively scattered, ranging from $65,000 to $70,000, and the position gap at each price is not very large, which means that this position is not a game point, but a position building line, and it may even be a position for institutional buying.
2. The bottom is bought, not waited for.
This is a point I have been emphasizing. I said this when the price fell to $60,000, and I still say this now that it has reached $65,000. The core of this point is to have your own investment logic and not be swayed by other people's comments. In fact, there are many analysts on Twitter who like to use "prediction" to estimate prices instead of using data and logic. This is mostly useful, but it is more troublesome when driven by information. If you read too much of this kind of comments, you will be ready to ambush at 40,000 or 50,000, and it will be difficult to buy it.
The correct way should be based on your own positions and funds. You should learn to predict the next favorable and unfavorable trends, and then judge each position where you need to cover or build a position. At this position, unless there is a major event that will interfere with your investment, you should execute it. If you listen to what others have been saying, then the opportunities you miss will only be yours. As mentioned at the beginning, the money you make is yours, the money you lose is also yours, and the money you miss is still yours.
3. Don't be bullish when it rises and bearish when it falls when it is driven by information
At present, the price of BTC is actually driven by information. Whether it is the Federal Reserve or the war between the two places, the ultimate direction is the Federal Reserve's monetary policy in 2024. You can see that the US stock market has begun to rebound. This does not mean that the Federal Reserve will be like this, but that the market has gradually accepted this fact. The Fed's vaccination of the market is to illustrate the possibility that the Federal Reserve may reduce it by less than three times in 2024.
At first the market resisted, but now it can only bear it, but this is all expected. The Fed's failure to cut interest rates only increases the possibility of the US economy entering a recession, not the inevitability. However, the US economy is still very good now, with a low unemployment rate, strong employment, rising GDP, and good stock market wealth creation. Since you have accepted it, just go with it.
Then the panicked partners will leave, and those who are willing to continue gambling will stay. That's it. After all, the real bad news has not appeared yet. Instead, the market is now predicting that the Fed may cut interest rates in June.
The above three views are my expectations for the recent trend, which is limited to the recent trend before there is no new narrative. They may only apply to me, not all partners.
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