Market trends do not emerge out of thin air. Every unilateral surge has its precursors, which, although sometimes subtle, can be identified with attentive observation and analysis
Market trends do not emerge out of thin air. Every unilateral surge has its precursors, which, although sometimes subtle, can be identified with attentive observation and analysis. Whether a market movement is a trap or a genuine opportunity is not determined by its fluctuations but by human perception and decision-making.
Retail Investors vs. Whales
The cryptocurrency market is a concentrated battleground between retail investors and whales. With market data being transparent, the ratio of longs to shorts cannot dictate the ultimate trend. More often than not, it is a psychological battle. Only 20% of investors consistently apply the pyramid principle, thinking contrarily to the masses and seeking profits from volatility.
Pre-Halving Pullback
As the Bitcoin halving event rapidly approaches, with only about 20 days remaining, the positive impact on fundamentals is widely acknowledged. However, determining the optimal strategy for purchasing and safeguarding profits before the halving is crucial.
Post-Halving Swings
According to analyst Duan Chenbei, before and even after the halving, Bitcoin's price will inevitably experience a significant pullback, possibly spanning one to three waves. The purpose of these pullbacks is clear: to shake out low-level buyers and purge reckless speculators who bought at inflated prices. When the majority of the market is gripped by fear, the true bull market will commence.
Price Forecast
The author speculates that Bitcoin's price could drop to the low $50,000s or even lower.
Understanding market movements, anticipating pullbacks, exercising patience, and seizing true opportunities are the keys to profiting from the Bitcoin halving event. Remember, opportunities favor the prepared.
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