In the tumultuous waters of financial markets, no trade is born out of thin air. Behind every unilateral surge, there are always precursors, albeit sometimes subtle
In the tumultuous waters of financial markets, no trade is born out of thin air. Behind every unilateral surge, there are always precursors, albeit sometimes subtle. Through diligent observation and analytical summarization, astute traders can capture these market indicators, discerning between traps and genuine opportunities.
Market Contention: The Battle Between Retail Traders and Whales
Financial markets are an arena where retail traders and whales engage in a constant tug-of-war. Publicly available data, such as long/short ratios, does not determine the ultimate future direction of the market. More often, it is a battle of psychology. 20% of traders perpetually adhere to the pyramid principle. Regardless of time or circumstance, they understand that to profit, they must break free from the herd mentality.
Halving Storm: The Nature of Bullishness and Trading Strategies
As we all know, Bitcoin's halving is just around the corner, a mere 20 days away. From a fundamental perspective, the halving is undoubtedly a bullish factor. However, it is crucial to determine how to buy correctly and protect profits ahead of the halving.
According to veteran analyst Duan Chenbei, the price of Bitcoin is bound to experience a significant correction, perhaps even two or three, before or even after the halving. The purpose of this correction is clear: to scare off low-level buyers and shake out reckless traders who bought at the top. Only when the market has been thoroughly purged and panic sets in will the true bull market commence.
Forecast: Bitcoin May Fall Below the $5,000 Mark
Based on the aforementioned analysis, Duan Chenbei predicts that Bitcoin's price has the potential to drop below $5,000, possibly even lower.
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