The market surged and broke through the previous high! Is this a super big trap to lure more investors?

Crypto自家妹妹 · 2023-06-27T13:58:19.000Z

Review the board Bitcoin rose from a huge wave around 24,800, directly breaking the previous high and reaching a maximum of around 31,450. This is also the plan I have told everyone before! This surge is well managed! The current price is around 30800. I have been testing the position of 29900 in the past two days but without success. The daily market is pinned. Friends who have long orders at low positions can moderately reduce their positions to prevent thunderstorms. The market has also been volatile in the past few days. They are quite capable, and those who are not satisfied with their operation can join us! Let’s talk about the possible reasons for thunderstorms! First, under the strong policy of the Federal Reserve, the problem of lack of crypto liquidity has not been fundamentally solved. Instead, the competition faced has continued to increase. US stocks have risen strongly under the hot spot of AI, and the risk-free rate of return has steadily increased. In contrast, crypto has not The certainty is stronger, and when Grayscale GBTC triggered the bull market previously, the global market was still in the stage of abundant liquidity and large-scale water release;

Review the disk
Bitcoin has experienced a huge surge from around 24,800, breaking through the previous high to around 31,450. This is also the plan to break through three levels that I mentioned before! This surge is also well-timed!
The current price is around 30,800. It has been testing the position of 29,900 for the past two days but has not succeeded. The daily line is a pin-point market. Friends who still have long orders at the bottom can reduce their positions appropriately to prevent sudden unexpected events. The market has also been volatile in the past few days, and the orders given are still of a fairly high level. If you are not satisfied with your operations, you can come together!
Tell me what might cause the thunderstorm!
First, under the strong policy of the Federal Reserve, the problem of lack of crypto liquidity has not been fundamentally solved. Instead, the number of competing targets has continued to increase. The U.S. stock market has risen strongly under the AI ​​hotspot, and the risk-free rate of return has risen steadily. In contrast, cryptocurrencies have stronger uncertainty. Previously, when Grayscale GBTC triggered a bull market, the global market was still in a stage of abundant liquidity with large-scale flooding;
Second, BlackRock's application for a trust has generated positive sentiment, but as can be seen from Grayscale, everyone seems to have forgotten that the success rate of this application is obviously not high. This is one of the reasons why I think this is a huge trap!
Of course, I see the highest range of this wave of rise is 34000 to 35000! You can also reduce your position moderately to try to gain a profit later, which is less risky.
If you want to seize the next round of wealth, follow Ethereum’s narrative
If you want to seize the next round of wealth, you have to follow the narrative of Ethereum. In the last round, Ethereum had slow transfers and high GAS, so new public chains appeared (for example: AVAX, SOL, LUNA...) and various public chains claiming to be Ethereum killers appeared. During this period, these public chains rose dozens of times or even hundreds of times. The Ethereum chain was booming online, with lending, mortgages, and various first-time mining. Of course, there were also many first-time mining.
What did we see in the last round? There are new public chains that are designed to replace Ethereum and seize the market. There are also DeFi and decentralized finance that are soaring. AAVE, UNI, COMP, SUSHI, these DeFi products are also rising, but you can't catch up.
What is there in this round? How was the public chain in the previous round?
It's a terrible sight, with people dying and getting hurt. The price of the currency has gone back to where it came from. The real fathers are only BTC and ETH, so the Ethereum expansion network appeared. It no longer wants to replace Ethereum, but thinks about how to assist the Ethereum network to better build blockchain.
Whether it is the last round or the next round, we will find that the narrative is centered around Ethereum. The story still has to be told by Ethereum, new public chains, Defi, L2, LSDfi...
The next bull market will definitely come, but it is hard to say when it will come.
In addition, some friends think that the bull market has actually begun. After all, so many large funds have begun to lay out. Indeed, they admit it, but they always feel that something is missing. Perhaps it is a lack of a sense of ceremony similar to 312, or perhaps there are not enough new trends and new currencies in the market, or perhaps it is a problem of our own mentality, or perhaps the big guys in the circle have not yet started to lay out. In short, we still need to wait.
Still the same point of view, we can wait for the trend to emerge and then follow the trend.
Summarize
Bitcoin has successfully grasped this wave of rising prices. Keep some bullets in hand to buy at the bottom and seize the bull market when the black swan comes this year!
The Cancun upgrade is basically a clear positive for L2 sector currencies. Grasp it, but not now! Wait for the bottom-fishing moment to come.