#BTC gives some suggestions to novices. If you think it is good, please like and forward it:
Before investing in this market, please be sure to arm yourself and strengthen your cognition and mentality. When the market rises, don't forget the risks; when the market falls, don't worry about opportunities.
After breaking through 73,000 at its high point, the price of Bitcoin has been repeatedly washed and fluctuated in recent times. Many people are worried that the bull market has ended and regard 73,000 as the peak of this round of bull market. Let's talk about whether the bull market will start from several aspects.
First of all, data from all parties show that the mining cost of Bitcoin is between 40,000 and 50,000. Only when Bitcoin is maintained at 55,000 or even 60,000, miners can make considerable profits.
Secondly, although it remains to be seen whether the speculation of slowing down interest rate cuts and raising interest rates is reasonable, an unchanging fact is that the interest rate hike is nearing its end and the interest rate cut cycle is about to come.
Furthermore, the US stock market fell this week but the market did not follow, the Bitcoin amplitude decreased, and the copycat began to suck blood and rise, which are all favorable phenomena.
From the perspective of the big cake, it is never too late to buy, and from the perspective of the cottage, it is best for the big cake to break through the previous historical high and go sideways, and the cottage will make up for the rise. If you don’t know how to ambush the cottage, you can chat with me privately.
Therefore, I think the bull market is not over. After the production cut, it will take repeated washing to collect enough chips to start a real bull market
