September has really been a roller coaster of huge gains and sharp drops, and the non-farm payroll data at 8:30 directly sent the financial markets into a tailspin.
Recently, the whole internet has been shouting that a major bull run has started, and many people can’t resist chasing the surge. The rally has been especially fierce, but in my view this is not an opportunity at all—it’s a textbook bull trap.
This round of Bitcoin’s rise is indeed desperate to watch, and missing out really does hurt. The crypto market is always against human nature: when everyone is unanimously bullish and charging in blindly, that’s often the countdown to getting rekt. I believe 57,000 is definitely not the bottom. True major bottoms are created by panic selling, by retail investors despairingly cutting their losses. There’s no way everyone gets to comfortably buy in at low prices and enter a bull market easily. #BTC #非农
Recently, the whole internet has been shouting that a major bull run has started, and many people can’t resist chasing the surge. The rally has been especially fierce, but in my view this is not an opportunity at all—it’s a textbook bull trap.
This round of Bitcoin’s rise is indeed desperate to watch, and missing out really does hurt. The crypto market is always against human nature: when everyone is unanimously bullish and charging in blindly, that’s often the countdown to getting rekt. I believe 57,000 is definitely not the bottom. True major bottoms are created by panic selling, by retail investors despairingly cutting their losses. There’s no way everyone gets to comfortably buy in at low prices and enter a bull market easily. #BTC #非农
