Understanding the Bitcoin Market: Is a Deep Correction Coming?

Why does Thirteen have such a bad feeling?

Everyone still remembers how the market rose in this round, right? When Bitcoin rose from 38,000 to 43,000, the market believed that Bitcoin would fall back to around 35,000 again.

Countless people are waiting for this gold pit, but Bitcoin refuses to fall and keeps rising without even stopping.

Every time the market rises, the hope of a correction becomes greater in our hearts.

It wasn’t until everyone was convinced by the rise, and until the rise reached the point where the entire market thought the market would continue to hit 75,000, that the callback suddenly started.

Now, the entire market is expected to bottom out and continue to linger here. The longer it goes, the more likely it is to go down.

Before entering a real bull market, the market will definitely experience a deep correction. Is it this time?

At present, a correction of this magnitude is nothing at all, but if it continues to fall like this, then the possibility of a deep correction will increase this time.

Although we can still see that BlackRock continues to buy Bitcoin at an amount of about 5,000 per day, giving the market a signal that it is about to rebound.

But have you ever thought that BlackRock may not be looking at the price when buying Bitcoin, but they are continuing to make fixed investments?

There is a possibility of this happening, so Thirteen strongly recommends that everyone control their positions below 70%. Even if the market rises, they can still eat meat. If there is a deep correction, at least 30% of the positions will be left to buy bottoms.

Of course, when should we stop losses and reduce positions? You can wait until Bitcoin rebounds above 68,000 to start slowly building a position, so that the loss will be smaller.

Remember this is a delicate job that requires some micromanagement and some patience.