Bitcoin returns to 6w2, don't rush to chase more/calm down. Countless bullish returns and countless slaps in the face, it is better to wait patiently for the trend to come out before operating.
The trend of Bitcoin has deviated from the familiar trend in the past. The market crashes/pull-ups are very urgent. There is no callback where it should be, and there is no oscillation where it should fluctuate sideways. When it deviates from the cognitive framework again and again, we have to calm down.
When doing transactions, we say that we should believe our eyes, not the pictures in our minds.
Whether it is the rush to the top starting from 5w4 on July 8, or the explosion yesterday, Bitcoin did not bring obvious wealth-making effects to the market. The cottage is still sluggish, and the increase of some cottages yesterday was not as good as Bitcoin. Without the locomotive effect, it is difficult to say "bullish return".
Look at the facts calmly and objectively. Every time Bitcoin pulls/explodes with the help of news, it seems that nothing is left except a bunch of liquidation data.
I think the real bullish rally can only be seen in the following two scenarios:
- Bread breaks through 7w, then sets a new high, and completely gets out of the structural market
- Bread can lead the crazy performance of the copycats and return to the logic we are familiar with before
In addition, blindly chasing long/bottom-picking will result in being buried. Try again and again, make mistakes again and again. A real bullish rally does not lack this little increase. Repeatedly being killed and being trapped will seriously affect your mentality. It is better to watch the show first and see how Bread will go.
