The bull market is about to come back⁉BTC starts to rebound from the 60,000 mark to 63,000. Can it retest the dividing line of bull and bear markets of 65,200⁉Can individual investors go all-in at the lowest point⁉
I have already told you in the article in detail yesterday that we have opened the long position. I also explained the logic of opening the long position very clearly with pictures showed in the article.
I have always advocated for observing Bitcoin from Ethereum, rather than observe Ethereum from Bitcoin. Because we see that the institutions behind ETH have been luring individual investors into selling out to open a position in entire Ethereum trend. I feel that the 3,000 mark is about to be broken. In theory, if those institutions want to get investors trapped in the market after ETH falls below 3,000 mark, ETH should fall below 3,000 and continue to fall down. However, it is obvious that ETH did not fall sharply, but remains at 2,900, and the important support level of 2,880 that I emphasized in the article was not broken through.
Bitcoin hit the 60,000 mark and came to around 60,100 but failed to fall. The trend of Ethereum was obviously to go short on it, because it pretended to fall below the 3,000 mark first, but it did not really fall much. It just consolidate above the point of 2,900, which is a more obvious trend of luring individual investors to go short. Therefore, what I said at the time was that there will be a drop for going long again. that is, ETH will hit a new low and some bulls weill stop loss. In this morning, the lowest point of ETH is around 2,870, and we successfully opened the long position at the lowest point and took over and took all the gains‼ #BinanceLaunchpool #BTC #altcoins #ETH_Update