After the surge of Bitcoin, is a correction starting? Will altcoins still fall sharply?
The Trump effect lasted a full week, and Bitcoin is approaching a market value of 2 trillion.
This terrifying growth rate has driven people both inside and outside the market crazy. Those who are bold have leveraged fully and jumped in, while those with risk awareness chose to mainly watch.
Everyone knows Bitcoin is good, in the last bull market many said next time I will only buy Bitcoin, but how many actually bought Bitcoin? Even fewer have managed to buy at the bottom and hold on until now! The market is all an illusion, don't think that just because the market has moved, you can plan the future path, it's not that simple. If it were that simple, then the coin traders from the same period as Li Xiaolai would all be gods by now; it's impossible for only a few like Li Xiaolai and Bao Er Ye to exist.
Can altcoins still rise? Will Bitcoin still fall? These are all illusions, the essence is: belongs to 80% of people's hearts.
Real investment, from the moment the money is put in, has already made all the preparations.
Adding positions, reducing positions, taking profits, and stopping losses all have very clear goals.
The big trend won't change easily, nor will it reverse because of a single piece of news. That's why it’s called a trend; it points in one direction due to all favorable conditions.
Just like the US election, I believe Trump will definitely be elected, the reason being: the US government openly supports Bitcoin, and Trump also advocates for Bitcoin, which means Bitcoin's price could also break through and return to around 70,000. BlackRock is also continuously adding positions. All these clues combined point towards a high probability of Trump's victory.
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