The world is bustling, all for profit; the world is often moving, all for profit! Hello everyone, I am your friend Lao Cui Shuibi, focusing on the analysis of cryptocurrency market trends, striving to convey the most valuable market information to the majority of coin friends. Welcome the attention and likes of the majority of coin friends, and refuse any market smokescreen!

The current market conditions are almost different every day. The volatility last night was too intense, breaking through 3500 still has a downward trend. Ethereum has been talked about enough, and the overall trend has not deviated significantly from our analysis. It is still within our control relatively speaking. Today's article will return to our protagonist, Bitcoin. Regarding Bitcoin, Lao Cui has not specifically written an in-depth analysis for a long time. It can be said that the current prosperity in the coin circle is largely caused by Bitcoin.

Looking at the overall market conditions, since its listing, Bitcoin has started from the bottom at 30,000, and has risen to the 64,000 position, with almost no significant pullback in between. It can be said that Bitcoin's performance is stronger than Ethereum, which is why Lao Cui hardly analyzes the trend of Bitcoin. Entering Bitcoin requires a large amount of capital, and users who can hold Bitcoin for a long time are also not the target users of Lao Cui. I believe that everyone's understanding is basically stronger than Lao Cui's. The key observation of Bitcoin's later trend is whether it can successfully break through the 70,000 mark. Currently, from the perspective of news, technology, and capital volume, there are signs of this, launching an assault towards higher positions.

Speaking of this, we have to mention the depth of yesterday's pullback. It can be said that since the low point, there has been a significant pullback in the early morning. It broke through the 64,000 mark and also fell below the key support at the bottom of 60,000. This is a side response in the rising stage, showing signs of a bearish trend. Fortunately, the speed of today's recovery is sufficient, which also strengthens the confidence of the bulls. This signal is worth paying attention to, enough to prove that a step has been taken for the institutions to start cashing out. With a fluctuation of nearly 5,000 points before and after, this is a situation of a change in institutional control. In the future, the giants still need to take on the task of the rise of the coin circle. The higher the coin price, the greater the depth of the decline. Returning to the topic, the current trend is still in a bullish trend. For spot users, holding on is enough. Bitcoin has the strength to break through the previous high point, especially with the listing of Ethereum, which will give the coin circle a strong boost.

The underlying logic of the upward trend remains unchanged. Only when people believe in the market and find it worthy of investment will miracles happen. There will definitely be more signs of institutional loosening, so do not be misled by appearances. Currently, it is more difficult for the market to continue to rise than to fall. After reaching a new high, the depth of the pullback will definitely continue to increase. Some people will leave, and others will enter. The specific peak, Lao Cui really does not have the ability to predict. In a bull market, the peak is not spoken, and in a bear market, the bottom is not spoken. These are the experiences of those who have been through it. Yesterday's guidance can be considered as pointing out a clear path for everyone to follow. Just follow this line of thinking. The high point of this year is definitely not at 64,000. Starting with a "7", it is still possible to encounter it. Just pay attention to the depth of the pullback after breaking through the 64,000 mark. If it falls below the 60,000 mark again, everyone should be careful of a reversal!

For contract users, do not easily go short. Consider going short only after breaking through the bottom position. The transition between the upward and downward trends will definitely not only have a depth of a few thousand points. Similarly, the entry point must not be considered as an absolute high point. A relatively high point will also allow everyone to make a lot of profit. For Bitcoin, you can let go of profits of several thousand points, but do not put yourself in absolute danger. When entering a short position, you must consider the support level below. If it falls below, you can enter, if not, just wait and see. At the same time, once the support level holds, you must firmly take a long position. The overall trend is the trend, do not go against the trend (this paragraph is for friends who have been shorting recently, there are too many of these users).

Lao Cui's message: Investment is like playing chess. Masters can see five steps, seven steps, or even a dozen steps ahead, while those with lower skills can only see two or three steps ahead. The masters consider the overall situation, plan for the general trend, and do not focus on individual moves and territories, with the ultimate goal of winning the game. On the other hand, those with lower skills fight for every inch, frequently switching between long and short positions, only fighting for short-term gains, and as a result, frequently get trapped.

This material is for learning and reference only and does not constitute investment advice. Those who buy or sell based on this material do so at their own risk!

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