At first, people thought this was just an ordinary pullback, but it turned out to be just an ordinary pullback…
Don't panic, this is a technical pullback.
Bull markets often experience sharp declines; this is the first major adjustment cycle and a significant washout since Trump's election.
The low point of this Bitcoin adjustment has already appeared, which, according to Binance's price, is $90,500. As long as it doesn't drop below this level, we should be fine.
However, when the third major washout occurs in this adjustment cycle, we need to be cautious.
So, I believe this is your opportunity to increase your position in Bitcoin and quality altcoins!
The target is $120,000+, with the ultimate goal of $140,000-$150,000!
As for whether Trump can really implement Bitcoin as a national reserve currency, that is still uncertain; we will have to wait and see.
If it happens, then let's give it some space and see if it can reach $200,000~
However, quite some time ago, before this round even started, I made a trading plan for Bitcoin:
- At $100,000+, reduce leverage.
- At $120,000+, reduce spot holdings.
- At $140,000+, liquidate spot holdings, keeping at most 1 BTC.
This bull market is progressing slowly; let the market move at its own pace, and we will observe gradually~
That's all~
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