Analysis is always an aid, and strategy is the basis for profit. For technology, there is no right or wrong. The critical watershed can easily become a turning point in the market or help extend the trend. However, in trading or closing operations, we must be decisive, persist in the right direction, and when the direction is wrong, adjusting the strategy is progress, and turning around is profit. Although the road may be bumpy, following the market's guidance can always lead us out of the darkness.
Hello everyone, I am trader Gege. Continuing from the previous message, opportunity is only useful when seized. At this moment, Bitcoin has once again refreshed its historical high, breaking through $72,000. Just because it has never happened in history doesn't mean it can't be broken. Remember, right now, we are in the midst of history.
In fact, no one can predict, whether it's war or economic cycles, they are often changed by sudden random events, such as the economic downturn in 2020, which almost no one could have predicted, including the stock god. Subsequent actions, including the Fed's unlimited quantitative easing and 11 consecutive interest rate hikes, were all emergency responses based on the "black swan" event of the economic downturn. Looking back at history, no war has been fought for love and peace; it's always for profit, without exception. No one knows whether friction will lead to war, just like World War I and World War II could not be predicted, and it's the same now.
After the ETF approval for Bitcoin this time, the retracement to the $38,500 level and the subsequent surge can only be described as very strong, surprisingly strong. It can be said that only after breaking through the historical high did the market experience a retracement, and after the retracement, it continued to surge strongly, reaching a new historical high.
History is always surprisingly similar, but it will not simply repeat itself. This bull market may exceed the expectations of most people. It's not feasible to treat this market based on previous trends. Experienced players who have been through bull and bear markets have been waiting for a deep correction to enter the market, but they have mostly been in a state of missing out. While the market is in a state of missing out and fear of heights, the overall market trend continues to rise amidst doubt, rising to the point where even if trapped, people are unwilling to miss out and rush in, perhaps it's the time when the sickle is wielded.
After the cessation of interest rate hikes, at this time point, the approval of the Bitcoin ETF by the US is setting up a big game, perhaps to create a new economic system, reshuffle the financial system, and reassert dominance in the future financial hegemony. This is also a double-edged sword. With the intervention of Wall Street capital, the entire market will be even more bloody and violent than before. There are greater opportunities, but also greater risks. The market is beyond the control of us small retail investors. We must learn to control ourselves. The only thing we can do is to control our positions, control greed, and also control fear. Only by surviving for a long time, not being eliminated, can we achieve our original intention of entering the market.
Returning to the market situation of Bitcoin, there is not much to say about the technical aspect. It's strong and solid. In such a market, it's not necessary to predict where the top is. The best way to operate is to follow the trend and trade lightly. At the same time, manage risk well and use the risk you can bear to seek profits. The article does not provide specific operational points, because everyone knows that they want to wait for a pullback to enter long, but sometimes the market just doesn't pull back. Therefore, the best way to operate is to intervene flexibly during the trading session, while also planning positions reasonably and managing risk well. Don't try to predict the top either. There is no market that only rises and doesn't fall, and there is no market that only falls and doesn't rise. The rise is unexpected, and the fall will be the same.
Perhaps one day, when everyone on the streets is talking about it, it will be the tail of the bull market. Don't pay too much attention to this. Just follow the market and make profits that belong to us. There will be many washing-out market trends with slow rises and sharp falls, so pay attention to risk control and position management in your operations. For short-term reference, consider entering around the support level of $70,000 to $69,000, and focus more on intraday operations. This concludes today's article. See you next time. For more real-time advice on Bitcoin, please contact Gege.
The most difficult thing in the market is to turn back from a wrong decision, thinking that everyone is watching you. Many times, the market has already changed, and you have to turn back and make corrections. You can enter the market with the mindset of not turning back until you hit a wall, but even if it means getting slapped in the face, it's better to make corrections than to hold and wait for the market to make its own choices. Leaving it to fate is not my style, and I don't want to be a person who leaves it to fate, just like Gege's friends.

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