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分析师舒琴
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Can't stop the car! Is Bitcoin about to drop to 60,000? Let's take a look at where we are in this bear market.
1. This time Bitcoin has dropped too rapidly, as shown in the chart, it has already fallen to the middle of wave C with just February. In the last cycle, BTC consolidated here for a while before continuing to fall. Will it be the same this time?
2. I actually think there's a pretty good chance that BTC will consolidate or rebound at 68,000-70,000, because in the last bull market it dropped to this point in May, and now it's only February and the market has fallen like this, indicating a possibility of short-term consolidation, because generally speaking, the price won't just keep falling straight down.
3. In fact, Bitcoin has shown some signs of short-selling exhaustion in the past few days, but unfortunately, the US stock market has crashed! It's falling every day, forcefully dragging Bitcoin down. We can only wait for the US stock market to stabilize before starting to rebound. As shown in the chart, I've also had some fun with US stocks these days. Binance has now launched Tesla contracts, and other US stocks should gradually go live, which I am really looking forward to.
4. Current operation: Chasing shorts now is definitely unwise, with a drop of 30,000 points in two weeks, chasing shorts at this time is very dangerous. For safety, you can wait for a larger rebound in BTC before shorting, like at the resistance of 77,000. Aggressive traders can consider buying at lows for a rebound, and run when it rebounds to 73,000, if stuck, just hold it as a position.
5. However, all of the above are small profits; the real big profits this year will come from buying at the bottom. Buy potential coins with half of your holdings at 50,000-60,000 for Bitcoin, then start a 150-day regular investment with the remaining half. If BTC hits the 40,000 range, you can directly invest the remaining position. Then, the bull market will start again next year.
In the last cycle, you might have missed the opportunity to buy at the bottom in the bear market because you entered the market too late, and entering during the bull market didn't yield much profit. But in this cycle, you can be well-prepared, entering at the bottom of the bear market, and after three years, achieve financial freedom with a wave of success. How about that!
1. This time Bitcoin has dropped too rapidly, as shown in the chart, it has already fallen to the middle of wave C with just February. In the last cycle, BTC consolidated here for a while before continuing to fall. Will it be the same this time?
2. I actually think there's a pretty good chance that BTC will consolidate or rebound at 68,000-70,000, because in the last bull market it dropped to this point in May, and now it's only February and the market has fallen like this, indicating a possibility of short-term consolidation, because generally speaking, the price won't just keep falling straight down.
3. In fact, Bitcoin has shown some signs of short-selling exhaustion in the past few days, but unfortunately, the US stock market has crashed! It's falling every day, forcefully dragging Bitcoin down. We can only wait for the US stock market to stabilize before starting to rebound. As shown in the chart, I've also had some fun with US stocks these days. Binance has now launched Tesla contracts, and other US stocks should gradually go live, which I am really looking forward to.
4. Current operation: Chasing shorts now is definitely unwise, with a drop of 30,000 points in two weeks, chasing shorts at this time is very dangerous. For safety, you can wait for a larger rebound in BTC before shorting, like at the resistance of 77,000. Aggressive traders can consider buying at lows for a rebound, and run when it rebounds to 73,000, if stuck, just hold it as a position.
5. However, all of the above are small profits; the real big profits this year will come from buying at the bottom. Buy potential coins with half of your holdings at 50,000-60,000 for Bitcoin, then start a 150-day regular investment with the remaining half. If BTC hits the 40,000 range, you can directly invest the remaining position. Then, the bull market will start again next year.
In the last cycle, you might have missed the opportunity to buy at the bottom in the bear market because you entered the market too late, and entering during the bull market didn't yield much profit. But in this cycle, you can be well-prepared, entering at the bottom of the bear market, and after three years, achieve financial freedom with a wave of success. How about that!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.