Hello everyone, I am your friend Lao Cui Shuobi, focusing on the analysis of digital currency market trends, striving to convey the most valuable market information to the majority of currency friends. Welcome the attention and likes of the majority of currency friends, and refuse any market smokescreens!

Originally, I didn't plan to share with everyone today, but I took a closer look at the issues that everyone cares about. Many people saw Lao Cui's suggestion to prepare for a bearish market sentiment, and most people started to let their guard down, thinking that Bitcoin could rise to over 100,000 yuan. Lao Cui understands the optimism in the market. However, blind optimism is not a good thing. Summarizing everyone's opinions, Lao Cui also wants to discuss with everyone why he feels there are signs of a bearish market.

For those who often read Lao Cui's articles, you can discern that Lao Cui has been bullish on Bitcoin since it was around 30,000 yuan, which is when it started trading domestically, all the way to the high point of 70,000 yuan. Even when the high point of 70,000 yuan was approaching, Lao Cui did not think it would be the peak of this growth. At that moment, Lao Cui indeed believed that everyone could continue to rise to around 80,000-100,000 yuan. So why did he suddenly change his tune and advise everyone to prepare for a bearish market? Everyone can carefully read the article. Firstly, Lao Cui's firm belief is that there will be a bearish market before Ethereum's listing, and the speed of its arrival can be said to be very rapid, and the depth will not be too low. This series of events will pave the way for the entry of the giants.

Secondly, everyone can pay attention to the depth of the pullback. From the 30,000-70,000 yuan range, Bitcoin has always been within a pullback of less than 3,000 points, but when it reached 70,000 yuan, there was a pullback space of 5,000 points, and when it reached 73,000, there was a pullback of 7,400 points. The depth of the pullback, as well as the continuity of the pullback, is almost exponentially increasing. This point can prove that retail investors are decreasing, and it can be said that retail investors are continuously exiting, while the giants are still showing continuous exits. After experiencing a bear market for 21 years, everyone will become very cautious. Those who are still shouting about the continuous growth of the bull market and blindly bullish, Lao Cui can be sure that your time in the market does not exceed 2 years. Many friends have only recently entered the market after the recent growth. Almost everyone who enters the market during a bull market phase will make a profit, and Lao Cui can understand everyone's bullish sentiment. But from the current perspective, the accumulation effect of funds is not as rapid as before. Everyone can assume that there will still be high points later, and Lao Cui is willing to believe this. However, at the Bitcoin 72,000 mark, Lao Cui predicted that the depth of this pullback would not be too low.

Finally, and most importantly, everyone should note that Lao Cui's advice is that the depth of the bearish market will be between 3,000-5,000 points, and breaking through the key support level will definitely have this depth. This point provides space for contract users to operate and is not aimed at spot users. The current market situation will provide profit opportunities for contract users, and this kind of opportunity should not be easily discarded, especially as more and more people in the market are bullish. The news of Bitcoin's halving and whether Ethereum can successfully list are indeed key factors for the sustainability of the bull market. There is still room for upward movement, and the current pullback depth of Bitcoin's 5,000-point profit seems to be considered very ordinary by everyone. Everyone really needs to be cautious about this. The higher the market's greed, the more it will arouse everyone's interest, and it is also the time when the big players plan to make their move.

Once again, I remind everyone not to be blindly bullish. You must take certain precautions within an acceptable range. Everyone has underestimated the measures taken by the United States. While they are shrinking the US dollar, they are increasing their own investments, which is a sound strategy. However, it is difficult for the US industry to develop again, as the cost is too high. Most importantly, the US has already begun to shrink the inflow of US dollars, and there is not much off-exchange US dollars. Recently, the US dollar has also been appreciating, and it can be said that it is experiencing the lowest volatility. After the capital inflow, although it will not have a big impact on the cryptocurrency market, it will affect foreign trade and exchange rates. At that time, it will be difficult to estimate how many giants will remain in the market. This is also why Lao Cui mentioned that before Ethereum's listing and Bitcoin's halving, there will be a pullback, and as long as it reaches a depth of 1,000 points for Ethereum and 10,000 points for Bitcoin, for Lao Cui, it is already a significant fluctuation, and breaking through the support below will definitely have such a depth.

However, the bull market still prevails at present. There is still room for upward movement, and the balance point has not been broken. To put it bluntly, the final trend still depends on the economic development of the United States and the vigorous development of the domestic industry, which indeed can affect the flow of funds in the cryptocurrency market. Their influence on the cryptocurrency market is indeed significant, whether it is the implementation of policies or the flow of the US dollar, it is very detrimental to the cryptocurrency market. Biden has already started to tax domestic companies, so this period will not be too idle, and the economic trend will soon become clear. Returning to the cryptocurrency market, risks must be controlled, and spot positions with a deep pullback can be exited first, waiting for the pullback to end before entering the market again.

Lao Cui's message: Investment is like playing chess. Masters can see five, seven, or even a dozen moves ahead, while those with lower skills can only see two or three moves. The masters consider the overall situation and plan for the big picture, not focusing on individual moves and territories, with the ultimate goal of winning the game. Those with lower skills fight for every inch and frequently switch between long and short positions, only fighting for short-term gains, and frequently end up in trouble.

Original article created by public account: Lao Cui Shuobi. Please contact the author for deletion if there is any infringement.

This material is for learning and reference only and does not constitute investment advice. Buying and selling based on this material is at your own risk!

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