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Trump was assassinated, Bitcoin again attempts to break the 80,000 mark. Will there be a waterfall after 80,000?

CN
老崔说币
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2 hours ago
AI summarizes in 5 seconds.

Recently, the contract recommendations provided have been quite accurate, resulting in a larger number of users seeking advice; having stared at the market for a long time, the price has once again broken through 79,000. Since a change has occurred, let's briefly chat about it today. Some platforms haven’t posted for nearly two days, while others stopped updating yesterday; the news from yesterday was extremely important, primarily because Trump was once again attacked, and secondly, the blockade and negotiation process across the strait are in opposition. There’s not much speculation about the attack, certainly due to interest issues. Is it due to military conflict or because capital interests were at stake? This question is very clear; this morning Trump just called on old banks not to promote the cryptocurrency legislation, and shortly after finishing his speech, he was almost shot. However, from today’s Bitcoin results, the occurrence of this event is considered good news, at least allowing Bitcoin to reach the 79 mark again, only a thousand points away from our predicted 80,000.


Apart from the effects on Bitcoin, the only cryptocurrency that has followed suit noticeably is Ethereum; even the SOL that we admire seems to be weak. It is precisely because the follow-up effect of small coins is not obvious that, regarding this uptrend, Lao Cui defines it as a mid-term level breakthrough, with a potential for reversal at any time. This point can extremely represent the shortage of funds in the cryptocurrency circle. Especially given Bitcoin’s growth trend, it has provided small coins with feedback time, yet capital has not chosen to intervene, indicating that more capital is either optimistic about other markets or believes there are better positions. The involvement of capital is not evident, and the direction of retail investors is also unclear, which can lead to a withdrawal of funds after a breakthrough, possibly resulting in a momentary downward trend in prices. Remember, Lao Cui's viewpoint does not look for new lows; this kind of selling, from a long-term perspective, is likely the last wave of selling before a bull market, and for users who have not yet entered the spot market, this is the last opportunity.


Lao Cui summarizes: Recently, the fluctuations have been quite intense, and the rise in this market can only be recognized as a mid-term level correction. Lao Cui's long positions will still appear, and around 80,000 is the first point to consider taking profits. Even if a breakout occurs, a short-term crossing of the 80,000 mark will be hard to stabilize, and subsequent declines will still come, maintaining a depth within a few thousand points, without large-scale panic selling. Spot market users need not worry too much, as lower positions have been seen before. If contract users have not yet entered the market at this stage, based on the current price, wanting to enter still leads to focusing on going long as the first choice. The 80,000 mark, in Lao Cui's eyes, is just a matter of short-term timing and will certainly be reached, but how to proceed after reaching it, if everyone is unsure of the direction, it’s best to ask Lao Cui. Today’s article does not have too much redundant discussion; in the short term, pay close attention to military conflicts, as long as it doesn’t escalate, it will continue to maintain a growth state, with changes in the market only happening after reaching 80,000. Regarding contract issues, be sure to ask Lao Cui before making decisions; the market changes rapidly. Recent updates may stall for two days, and Lao Cui will focus on contract arrangements as much as possible.

Original article created by WeChat public account: Lao Cui Talks About Coins. For assistance, you can contact directly.

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Selected Articles by 老崔说币

1 day ago
Trump's conference clearly indicates a bull market, the timing to enter has arrived!
4 days ago
Only 600 points remain to reach 80,000. Is BlackRock's entry support for BTC to return to a bull market?
4 days ago
Bitcoin has reached a new high for the Year of the Horse; can it achieve the target of eighty thousand tomorrow?
View More

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