Steady gains in the broader market are a good start for a bull market
The market is unpredictable, the market is one after another, and it is inevitable to often place orders and losses. If you are currently in this state, it is recommended to find a good guide and work together to make your pocket achieve the desired effect. Let us go on in this market for a long time, and try our best to earn greater profits with the smallest risk.
The market is unpredictable, the market is one after another, and it is inevitable to often place orders and losses. If you are currently in this state, it is recommended to find a good guide and work together to make your pocket achieve the desired effect. Let us go on in this market for a long time, and try our best to earn greater profits with the smallest risk.
In country M, BTC exchange-traded funds do not yet exist, and for most institutional investors, the H-degree BTC trust is the first entry point. Recently, there was news that a foundation wanted to gain exposure to BTC, and they submitted an amendment to the relevant authorities, hoping to allow it to invest 10% of the fund, or about $500 million, in GBTC. Soon, the department approved their behavior. I don't think this is the first nor the last one. There will be more and more big funds entering the market, so don't think it's over, it's just the beginning!
During this period, some people will wait for the callback before continuing to get on the bus after being out of BTC, while some people will choose other mainstream currencies. But there are still some people who see that it is still rising after going short, especially after shorting the pie, they can only "create rumors and disrupt the market." This kind of behavior is definitely not good, because it will cause panic for users and affect many normal traders. Bitcoin does not need to rise quickly, because the pullback will be as fast as it is pulled up. After all, eating steadily is the beginning of a bull market. If 10,000 to 19,000 US dollars, the big funds have exhausted the short chips in the hands of the leeks, then a wash during this period will exhaust the chips in the hands of the big leeks.
It can be seen from the above that the leading effect of H degree is still obvious. More and more institutions are beginning to enter this market and bring in a steady stream of funds, which will undoubtedly set the tone for a bull market and make the cryptocurrency market have unlimited potential.
Sure enough, the market reacted quickly. Yesterday afternoon, BTC fluctuated and rose, and it quickly rose to 19,850 in the evening, and then quickly pulled back to around 19,100. In the second half of the night, BTC continued to fluctuate around 19550-19100. BTC surged again this morning, the highest hit the 19750 line and then fell back slightly to around 19300. It is currently sorting around 19450. It has recovered almost $3,000 from last week's dive.
In addition, because yesterday was December 1st, ETH2.0 was also launched as scheduled, which is also the driving force for a steady recovery. These days are relatively good for the development of the market. But at the same time, we also need to be in awe of the high point of BTC19500-20000. Because the pressure at this position is very strong, whether it can break through 20,000 in a short period of time is still highly variable. Ziyu recommends that everyone be cautious.
