Bitcoin / TetherShort
When will the growth of Bitcoin end?
Now the issue of time is more important than the price, we have less than 2 months from the halving and the price of Bitcoin is 60 thousand dollars. This strange bull run that eats all the resistances one after another looks like a bull trap before hawing.
Now we are witnessing a strong FOMO wave (in the 4-hour time frame, the important resistance of 53,000 to 54,000 is broken and the chart does not pull back, then Bitcoin grows by 11%), this is a sign of the swallowing of newcomers to the market.
The most important thing to think about is this
Is 60,000 bitcoins suitable for buying by big capitalists (other than micro strategy)? How about 50 thousand?
If your answer is yes, then you don't respect the risk to reward, as a result, this market loves your excitement and will drown you soon.
For some time now, the intense greed of the buyers has paid off (thank God). I am not talking about taking a short position in Bolran, saving profit and enjoying the correction of the market.
In terms of time analysis, we are witnessing the last bullish day of bitcoin and we are approaching the correction phase on the general bullish wave.
In addition, TOTAL3 (the value of altcoins without Ethereum) has also reached a critical level, we probably have 1 blood month.
Now we are witnessing a strong FOMO wave (in the 4-hour time frame, the important resistance of 53,000 to 54,000 is broken and the chart does not pull back, then Bitcoin grows by 11%), this is a sign of the swallowing of newcomers to the market.
The most important thing to think about is this
Is 60,000 bitcoins suitable for buying by big capitalists (other than micro strategy)? How about 50 thousand?
If your answer is yes, then you don't respect the risk to reward, as a result, this market loves your excitement and will drown you soon.
For some time now, the intense greed of the buyers has paid off (thank God). I am not talking about taking a short position in Bolran, saving profit and enjoying the correction of the market.
In terms of time analysis, we are witnessing the last bullish day of bitcoin and we are approaching the correction phase on the general bullish wave.
In addition, TOTAL3 (the value of altcoins without Ethereum) has also reached a critical level, we probably have 1 blood month.
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