There has been no update for a few days. Today, I will briefly talk about the future trend of BTC.
First of all, why there is no update? The reason is very simple. The spot I bought myself was also trapped, so my mentality was not very good, so there was no update. Secondly, there is no need to analyze too much about this plunge caused by geopolitical factors. Before it stabilizes, any transaction is just a bet against the market. Let me briefly talk about my personal opinion on the subsequent trend and narrative of BTC.
BTC began to rebound rapidly after the pin reached 60,000. From here we can understand that the position of 60,000 is the bottom-fishing position for most institutions and large investors, so when the market reached this position, there was a rapid rebound reaction. As for the many cottages in the market, there were more or less rebounds. At present, BTC is quoted at around 66,000, and the support below is 64,600 and 61,200. These two are effective supports in the short term. For the current market liquidity, it will take two days for BTC to have the opportunity to continue to rush up and break through the resistance level of 68,500 above, so now is also a good opportunity to buy the bottom. Of course, it is also necessary to arrange positions reasonably to cope with extreme market conditions.
Let's talk about Hong Kong ETF. Today, Hong Kong officially approved the ETF application for Bitcoin and Ethereum. This is also a big positive. Although Hong Kong's current size in the crypto market is not large, it also reflects from the side that the domestic attitude towards the crypto market is easing. It is very likely that the crypto market will be accepted and traded in the near future. Moreover, Hong Kong's approval of ETFs also prompted other countries to approve faster, because the current size of the crypto market is not small and no one is willing to let go of this piece of cake. As for the problem of fighting, it has basically been solved and there will be no out-of-control phenomenon in the short term.
Finally, I believe that many fans have suffered heavy losses in a wave of declines. I just want to say that if you buy spot, you only need to hold tokens with potential. Of course, some tokens without potential are not necessary. If you want to know whether what you hold has potential, you can leave a message in the comment area. I will explain them one by one when I have time. If you want to understand more clearly, you can also join my small circle. As long as I have time, I will answer everyone's doubts and share the currencies I choose to buy at the bottom.#etf #大盘走势 $BTC $ALT $JTO