Liquidation! Missed the boat! Bitcoin has entered a new era of 85,000 this week,
Overnight BTC soared, experiencing a blood-sucking rise, strongly breaking through the 80,000 mark, and as of today, it has reached 82,000! From the 5th to the 11th, in just 6 days, it rose from 70,000 to 80,000, an increase of 10,000. Even the most oblivious should realize that the breakout has truly arrived.
What was supposed to be a calm weekend has turned into a nightmare for bears; the bulls are indeed too strong, and they don't take a break even on weekends. As Bitcoin continues to break historical highs, the bears believe a correction is due, with many joining the bearish camp at 76k and 77k, but without a doubt, they were fooled again and got slapped in the face by the whales. Brothers, never think you can figure out the whales' tricks; if this trend continues, with ETFs continuously flowing in and Trump fulfilling his commitments to Bitcoin after taking office, then reaching six figures early next year is absolutely not a problem.
Currently, we may be on the eve of the launch of this fast bull cycle. Just one step away. Today, November 11th, the foresight from 2 months and 1 month ago has become a reality. Various altcoins erupted on Sunday, a bit chaotic, especially the long-dormant old coins experiencing significant rises from low positions.
Dogecoin (DOGE), with Musk's halo, has returned to the spotlight, soaring 84% in a week, breaking the high point of the first half of the year, and on Sunday it skyrocketed by 27% in one day. With such a large market cap, it plays like an altcoin, while SHIB followed with a weekly increase of 54%. MEME coins are going crazy.
Many fans ask if there will still be chances to pick up people on the way down?
The market doesn't complete in a day; if Bitcoin surges to 100,000 in one go in the next few days, then this market will be dangerous, and there is a high possibility of a bubble. The higher the position, the less willing people are to join, including myself, who also dares not chase the high. A correction is necessary; even in a raging bull market, there are ups and downs. A temporary correction is for better upward movement, and recovering the upward trend after adjustments is what constitutes a healthy market. As for when the correction will happen and where it might go, we need to closely monitor the market and the fear and greed index, which is now close to 80 at 786. Historically, whenever the value exceeds 80, Bitcoin has dropped at least 20% within two weeks; this is for reference only. Lastly, to those who have not experienced the late stage of a bull market, let me give you a piece of advice: understand this to save your life! Remember, never short-sell with a long-term perspective!