Bitcoin reaches new highs every year
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Bitcoin recently broke its historical high, surpassing the $110,000 mark. The article reviews Bitcoin's correction phase from early March to mid-April, when the price fell below $80,000, becoming the last opportunity for investors to increase their positions at a low. As the price breaks new highs, the market accelerates upwards, with previous resistance from trapped investors disappearing, driving prices further up.
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇