Let me tell you my personal opinion: 1. According to Max Sellor, who is still in this position, he continues to increase his position to buy, buy and buy, and think that the price of the pie is still early from peaking, and it is expected to go before and after the interest rate cut, so guess blindly and conservative 140,000; 2. The way the pie has changed after the large-scale entry of the institution, a small pullback, a big pullback, and now it is walking in a long bull trend, but through observation we can see that with the rise in the price of the flatbread, the pull-up after each pullback is gradually weakening, there is no reason, that is, the price is expensive, and the pull-up needs more funds, so the amplitude will be smaller and smaller; 3. When the pullback is greater than 30%, I think it will be a signal of the end of the overall pie bull market; 4. If you are a copycat, more than 90% will be zero, because 99.99% of the copycats in the currency circle are deceptive, as the market becomes more and more mature, and the players are becoming more and more mature, these cottages can't deceive people, so they have to be zeroed; The rest are either new cottages that make real sense, or old cottages that become meaningful. For example, if UNI turns on the dividend switch, it makes sense, and if he doesn't, he is a garbage zero coin; 5, but before the cottage returns to zero, it will not hinder the real release of water after the liquidity is abundant, the collective climax wave, ten thousand coins fly dare not think, but it will be close to October 23 --- March 24.
Simply expressing my personal opinion, the liquidity of the entire currency circle is relatively fragmented, and the liquidity that supports the price of the pie to continue to rise is very weak Before the Fed didn't cut interest rates, the top of the pie should be the current range of 110,000, and after the Fed cut interest rates, I feel that the price range is also in the range of 12-130,000 I think the bull market cycle in the current round of the currency circle is nearing the end, but Bitcoin will not have a large level correction like in previous cycles. It is more likely that bitcoin will fluctuate with the trend of gold and US stocks, and now bitcoin is in another consensus-building phase (safe-haven or risky assets), and after the new consensus is established, bitcoin may not have another 4-year cycle. Another point of view is the cottage season, my personal investment style is more cautious, I will not buy cottages, if you have to argue whether there is a cottage season, carving a boat for a sword, if it is the kind of cottage flying scene, I don't think it will appear The current copycat market, I think it is more like A-share ST shares, institutions will not buy, and they are not allowed to buy, a large number of token projects, projects with a little conscience pull to save themselves, and those who have no conscience directly pour their chips.
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