Bitcoin has completed its fourth halving at block height 840,000. Where will the market go next? After the halving, the block reward is 3.125 BTC.

The Bitcoin network has experienced three halvings in 2012, 2016 and 2020.

In the current market, the daily support level of BTC is 59,600 and the resistance level is 67,500. Compared with the trend of Bitcoin after the halving in history, it will basically break through the historical high and then rise several times. However, in the previous halvings, Bitcoin did not break through the previous high, and this halving, due to the boost of ETFs, Bitcoin has reached near the historical high. The structure of this round of bull market may be different from the previous rounds. Now the pricing power of Bitcoin is in the hands of Eagle Sauce. Therefore, in this round of leverage clearing, Bitcoin did not pull back much, while the general pullback of the cottage reached more than 60%. The 2x leverage has been cleared.

In the next market, short-term shocks will build a bottom and grind the patience of the market. This round of cottage crazy market still needs the main dealer to drive it at the beginning, so now is the stage of main accumulation. As long as you absorb enough, a weekly increase of 100-200% will appear, and many people will not be able to get on the train. Of course, after the leverage liquidation is completed, many people here will choose to sell their cottages to buy big cakes, which are more stable. But when you exchange your cottages for big cakes, it means that the dealer has completed the collection of chips and can no longer get on the train. Retail investors have a mentality that if the price they sell is lower than the current coin price, they will not easily choose to get on the train again, but just want to wait for more. This is the mentality of most retail investors. In the 312 market in 20 years, many people sold and waited for a lower price, but they never got on the train after selling. Only later did they continue to chase the rise.

The structure of this round of bull market has quietly changed. History will not simply repeat itself, but you will find that it is surprisingly similar. What you have to do now is to survive and not fall before the dawn of the bull market. Hold on to your chips! Don't have short-term investment thinking, short-term thinking can't make a lot of money in the bull market! What you need now is medium and long-term thinking. #比特币减半 #大盘走势 #token2049