Time：2024-01-16 Click：150
Brothers, hello everyone, I am Zhu Yiyang, a trader. I gave myself a holiday. I spent a few days lazily, reading novels and watching dramas. When I was tired, I slept well. I didn’t pay much attention to the currency circle. Today is Monday Once completed, re-enter the transaction state.
My previous prediction was that the Bitcoin spot ETF application would have a pin on the day it was approved. As a result, there was not much fluctuation on the day of approval. After trading sideways for a day, the pin was first pushed upward to 49,000, and then it started a rapid decline mode. The current price 42,000.
In fact, I was directly confused by the fact that the market did not rise or fall that day. I felt that I could no longer understand the market. Now that it has fallen, I feel that the familiar market has returned. I extended the timeline of what everyone originally believed to be the possible trend one hour before and after the market passed. 2-3 days to achieve.
Afterwards, I came to this conclusion: "The market trend predicted by most people is definitely wrong, but the market will eventually achieve the inevitable result in another trend."
I will continue to watch the correction in the next market. I saw the market fluctuate sideways after seeing 35,000-38,000. Of course, I don’t think it was a big negative line that immediately fell to this price, but a step-by-step decline, falling to 42,000. It continues to fall in the market, drops to 40,000, continues to fall in sideways, and so on. The market is now in a state of continuous blood loss, and more and more funds will be withdrawn.
What about Ethereum, the second child? I think that in the early stage of the rapid decline of the big pie, it will follow the decline, but it will definitely stabilize and start to rebound faster than the big pie. A change from the past decline, the Ethereum ecosystem will become more prosperous after the Cancun upgrade, and combined with the Ethereum spot ETF application, it will be beneficial Continuously.
It is foreseeable that after this round of Bitcoin correction ends, we will usher in a super bull market. Large institutions will continue to make the pie bigger by constantly pulling the market, attracting a steady stream of OTC funds to enter the market. Cryptocurrencies will become stocks, futures, Bonds are an emerging risk asset recognized by big capital.
May you and I both achieve financial freedom in this wealth feast!