Today, Xi Jinping is about to start his visit to the beautiful United States. In the past few days, in my opinion, the crypto market trend will likely be range-bound with volatility at high levels!

The above is only a guess about the Bitcoin trend following the previous round of that untrustworthy visit to China.
However, over the next few days, I personally also think it will stay in high-level range-bound consolidation.
Then, depending on how the market behaves during that high-level range, there may be different price action.

If, during the Bitcoin consolidation, the recent highs keep getting lower, and the recent lows also keep getting lower, then going long should be quick in and quick out—don’t hold for too long.
But over these days, even if it isn’t range-bound, I’ll still be trading short-term.

Also, if it breaks through 90000 in one go, then after Xi Jinping leaves, it may continue to range-bound at high levels for another one or two days.

Actually, no matter how Bitcoin moves,
you still need to focus on the performance of the major second-tier mainstream coins—see whether they follow along.
If you find that various coins aren’t really moving up, then hold back and control your risk—only trade Bitcoin and Ethereum short-term.
Don’t touch anything else.

Finally,
no matter how many big positive developments there are in the crypto market after Xi Jinping leaves,
I expect a pullback—and a deep one.
It’s just like what happened after that untrustworthy visit to China last time.
In truth, whether from a technical or fundamental perspective, Bitcoin and other mainstream coins moved too fast.
At the start of this bull market, it’s been so rapid—maybe that isn’t a good thing.
Let it pull back deeply, wash out for ten or so days, and then it can harden again—then the bull market will truly come.

DYOR.
#比特币突破8.7万美元创八个月新高