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【Crazy Man's Trend】If BTC can hold this position, there is a chance that it will return to around $100,000 in the future.
The madman said...
After the Asian market opened, it was different from what I imagined. I thought that the army of bottom fishers was coming, but so far I haven't seen much bottom-fishing funds. Instead, panic has resurfaced. It seems that the opportunity to pick up blood chips today may still be realized, so keep a close eye on it.
Now if Bitcoin crashes to 90,000, there are still 2.2 billion longs as fuel, so there is not completely no chance.
Several cryptocurrencies that are concentrated among retail investors, such as $DOGE, $XRP, $PNUT, $ACT, and $PEPE, have completely trapped people, with liquidity being completely suppressed. In other words, it is difficult for the so-called peak season of competitive coins to appear in the short term. If you have to look for Alpha, it is still recommended to look for U.S. government concept coins, which have a better chance of surpassing Bitcoin's gains in the future, or even developing their own independent trends. Instead of digging for gold in the sewers, it is better to find gold in the hills.
If Bitcoin can hold this position, there is a chance that it will return to around $100,000 in the future, but it does not mean that it will reach a new high in the short term. Therefore, the current operation must be based on a rebound mindset, entering and exiting quickly, and patiently waiting for Bitcoin to retrace. This cycle may take at least 1 to 2 weeks. It is only after the large-scale influx at the end of the year that Bitcoin can begin to lead the market upward again.
Disclaimer: The article represents the personal views and opinions of the author, not the views and positions of Gate.io. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Gate.io will not be held responsible for any direct or indirect losses incurred by investors.
The article 'Madman's Trend' was first published on 'Blocklike'. If Bitcoin can stabilize at this position, there is a chance that the market will return to around $100,000 in the future.