Last night at 10:30, the price of Bitcoin surged to a historical high of 69,000 points, then quickly dropped to 59,000 by 3:30 in the morning, a whopping 10,000 point drop. The current price has rebounded to 64,000.

At 9:30 yesterday morning, the founder of the Yiyingshe community, Master Brother, issued a warning: Bitcoin is going to break through 69,000 points, and then it will quickly drop, accurately predicting that it will drop to around 60,000 points, reducing positions as it rises. Once again, a legendary battle!!!

The characteristic of a sharp drop in a bull market has once again demonstrated its power, with over a billion dollars liquidated across the entire network in 24 hours! It was a brutal long leverage liquidation, with many high leverage holders not seeing a change in price, but losing their positions. Countless facts repeatedly remind us to respect the market and stay away from high leverage.

For spot traders, there is no risk of liquidation. Even if positions are not reduced at high levels or bought at high levels, it is only a temporary trap. We just need to understand that we are currently in the early stage of a bull market, and eventually we will break free and profit. Moreover, the raging bull market still has a long, long way to go before reaching its climax!

We all know that this bull market is driven by major Wall Street institutions, and many retail investors have not yet entered. The so-called "a fortune is hard to come by" - a major retracement is the best opportunity for retail investors to enter the market. This account has mentioned the operating principles of the bull market in the community many times before: buy on small dips, buy more on big dips, and hold for the long term.

This sudden drop just happens to make up for the missing positions in Bitcoin and Ethereum. Previously, due to the continuous upward trend of Bitcoin, many people did not hold enough chips.

Please cherish every opportunity to buy in during a sudden drop!

The above analysis is for reference only and does not constitute any investment advice!

If you are interested in the study of the "Chen Theory" and want to obtain learning materials for free, watch public live broadcasts, participate in offline training camps for the "Chen Theory," improve your trading skills, and build your own trading system to achieve a stable profit goal, and use the "Chen Theory" to timely escape the peak and buy the bottom, you can scan the code to follow the public account, private message to obtain and add the WeChat of this account to join the group for learning!

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