#BTC Bitcoin Can the cryptocurrency market welcome a bull run?
10️⃣ Tips I have on the market:
1. Bitcoin is back near 66K, and according to the pattern chart below, there is usually a 1-2 month consolidation period after the halving. It feels like the consolidation is almost done now. Currently, the weekly moving averages are in a bullish trend (the 10/30/60-day averages are all above, only the 5-day average is slightly below), so the medium to long term is still bullish.
Many altcoins have fallen to the point where they can't fall anymore. It feels like they are close to the bottom, but it's still not advisable to gamble and buy at this point.
3. ETF approved, the money from outside the circle is "now" preparing to flow in, there may be a wave of funds flowing out of fear of not being able to buy Bitcoin.
4. Personal Plan: Buy Only + Avoid Selling as Much as Possible
5. At this time, it is similar to the regular trend shown in the chart below. In that case, I would understand that "now" is the beginning of a bull market. At this time, I will continue to regularly invest fixed amounts and average the cost in mainstream tokens.
6. The US presidential election market: There is a 90% chance of a bullish market from July to November.
7. The current trend of "Ethereum/Bitcoin exchange rate" is in a downturn, which also means that the season of altcoins is not coming so soon.
Currently, Bitcoin needs to rise before altcoins can follow suit. I won't put too many assets into "non-mainstream coins".
9. The value coin will definitely rise, please plan well.
10. Do not buy old ones, especially for meme coins that have been listed for more than a year. The stories/narratives have mostly played out, making it easy to become a trap.
This is not an investment advice, welcome to discuss together.
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#BTC Bitcoin Can the cryptocurrency market welcome a bull run?
10️⃣ Tips I have on the market:
1. Bitcoin is back near 66K, and according to the pattern chart below, there is usually a 1-2 month consolidation period after the halving. It feels like the consolidation is almost done now. Currently, the weekly moving averages are in a bullish trend (the 10/30/60-day averages are all above, only the 5-day average is slightly below), so the medium to long term is still bullish.
Many altcoins have fallen to the point where they can't fall anymore. It feels like they are close to the bottom, but it's still not advisable to gamble and buy at this point.
3. ETF approved, the money from outside the circle is "now" preparing to flow in, there may be a wave of funds flowing out of fear of not being able to buy Bitcoin.
4. Personal Plan: Buy Only + Avoid Selling as Much as Possible
5. At this time, it is similar to the regular trend shown in the chart below. In that case, I would understand that "now" is the beginning of a bull market. At this time, I will continue to regularly invest fixed amounts and average the cost in mainstream tokens.
6. The US presidential election market: There is a 90% chance of a bullish market from July to November.
7. The current trend of "Ethereum/Bitcoin exchange rate" is in a downturn, which also means that the season of altcoins is not coming so soon.
Currently, Bitcoin needs to rise before altcoins can follow suit. I won't put too many assets into "non-mainstream coins".
9. The value coin will definitely rise, please plan well.
10. Do not buy old ones, especially for meme coins that have been listed for more than a year. The stories/narratives have mostly played out, making it easy to become a trap.
This is not an investment advice, welcome to discuss together.