After the recent breakthrough of $67,000, a decline occurred, leading many to believe that the rebound had ended, and a bearish sentiment began to prevail. However, after dropping below $65,000, the price rebounded again. What is the reasoning behind this?

Some even say that the U.S. stock market is declining; why can BTC rise independently?

On one hand, it is stimulated by positive earnings reports from BlackRock, and on the other hand, there has been no substantial negative news, which keeps BTC's price relatively strong.

Looking back at BTC's data, the continuous rise in sentiment has not led to panic selling; instead, it is mostly short-term investors who have already made profits exiting the market, while earlier investors have shown little reaction.

The facts once again prove that as long as the concentrated trading zone between $64,000 and $69,000 does not break, BTC's price will remain relatively stable. Even if it drops below this range, it will rebound because the investors in this zone have a very strong consensus.

This has happened for the sixth time now. Especially, $60,000 has gradually become a bottom consensus.

As long as there is no actual negative news, investors in the concentrated trading zone will not exit simultaneously, which means the impact on BTC's price will be minimal. Moreover, the more concentrated the trading zone, the stronger its attraction.

BTC surged and then dropped sharply yesterday, once again standing above $67,000, with a total liquidation of $165 million across the network. This washout is a good thing; both bulls and bears are shaken out, which is beneficial for the main force to break through $70,000. It feels reminiscent of the last bull market when Bitcoin corrected while altcoins spiked.

At this position, whether it's Bitcoin or altcoins, volatility will become relatively high. I seem to smell the scent of a bull market.

I don't know how the market will move, but I know what to do.

1. Hold onto low-priced chips; making profits to resist drawdowns is a must. Be prepared for a long haul. I don't know if the bull market is coming, but I know there is a possibility;

2. Do not operate frequently; what were you doing earlier? Why open positions now?

3. Here, it is essential to maintain good emotions, mindset, and mental state.

If you get caught up in a state of euphoria due to operational mistakes here, and if a bull market really comes, you will be in trouble. The worst situation is making more mistakes as you go, leading to losses during the main upward wave of the bull market, causing your mindset to completely collapse.

Using unreasonable short cycles to enter the market can easily lead to irreparable fatal mistakes.

Those who shorted at the boundary yesterday are now faced with the decision of whether to close their positions today.

Those who were scared off by yesterday's drop are now faced with the decision of whether to chase back today.

Then, step by step, they walk into the abyss of short cycles, starting to frequently over-leverage, repeatedly entering and exiting, ultimately leading to disaster.

Perhaps this is part of the reason for the cyclical nature of profit curves…

The upward trend of Bitcoin seems healthy; from the trading volume, this rise is effective. However, the trend is not stable and is always oscillating. Therefore, positioning for long positions at lower levels remains a relatively feasible strategy.

The bull market spot password spectrum is officially released:

First tier: BTC, ETH, SOL

Second tier: Various sector altcoins

1. First, the Meme sector with the largest rebound and increase:

Doge, Shib, Pepe, Floki, People

2. New generation memes: (Key):

Neiro (small n), NEIRO (capital N), Turbo, Babydoge, Meme, Bome, Mew, Myro Bonk

3. ETH ecosystem:

ETH + ETC

Ens, Ldo, Ssv, Ethfi, Alt

4. Sol ecosystem:

SOL + JTO

Jup, Pyth, Ray, Ffida

(Meme in the Sol ecosystem: Bome, Mew, Myro, Bonk)

5. New public chains at L1 layer:

Sui, Saga, Tia, Apt, Near

6. Artificial Intelligence:

Tao, Arkm, Wld, Ar, Lpt, Render

7. RWA track:

AAve, Ondo, Mkr, Polyx, Token, Rio

8. Bitcoin ecosystem:

Ordi, Sats, Rats, Pizza

If you want to seize the next bull market opportunity in the crypto industry, you need to have a quality circle. Everyone can huddle together for warmth and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry.

If you want to huddle for warmth or have doubts, feel free to join us — WeChat Official Account: You Bi Zhi Qing Nian

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