Bitcoin Surpasses $70,000: The Future and Risks of the Bull Market

Congratulations to Bitcoin for finally reaching above 70,000. At present, the position is very stable.

This is a height that has never been reached in the history of Bitcoin. With the participation of Wall Street capital, it is expected that this bull market will be very crazy. In just a few days, we have witnessed Bitcoin rushing from 43,000 to over 70,000. .

This wealth explosion effect is unprecedented for any asset.

Before Wall Street capital entered the market, perhaps Bitcoin was undervalued.

It is now above 70,000 and has a tendency to stabilize completely. How will the market go next? This is very critical for investors.

I have been asking everyone to choose to trade on the right side of the thirteenth circle, which means to wait for the trend to come out before entering the market. We still need to observe whether this wave of Bitcoin can stand firm. Once it stands firm, you can choose to enter the market. .

Now the positions of Thirteenth Circle's friends are around 70%. Thirteenth thinks that this wave of meat is enough, and the only thing left is to be prepared for a callback at any time.

Entering the market at this position always gives Thirteen a very floating feeling. Could it be that Wall Street led us leeks all the way directly into the bull market, and did not stop and pull back until it reached 89,000 or even hundreds of thousands?

I think the probability of this happening is very low. There must be a correction on the way up, and it is a real correction, the kind that looks like a bear market.

Otherwise, the leeks will happily buy the car at the bottom.

In order to prevent leeks from getting on the bus, there may be a sudden correction + a negative bear market pattern that completely puts retail investors into fear and dare not get on the bus.

Then at a certain point at the low level, the dealer suddenly pulled up after completing the position building.

This can maximize the banker’s interests.

Because there are almost no friends with short positions or very light positions. I know that some people are still short positions, but you are really a very small minority in the market, and even a very small minority that can be ignored​.

Most people have heavy or full positions.

When the market views are consistent, Thirteen is particularly alert, always feeling that something bad is about to happen, and the scenes he has experienced reappear in front of his eyes.

Therefore, although we are optimistic about the future market, it may be that Bitcoin is the only one that shines, and altcoins erupt in a few symbolic waves, and then suddenly pour cold water on the highest emotional point.

Everyone should be mentally prepared for this, and while enjoying the growth in wealth value, they should also pay attention to the risk of a correction.

Of course, the above is just Shisan’s personal guess, please refer to it with caution.