It's here! Bitcoin pullback, how to operate now? Hurry up and take a look.


As shown in the picture, Bitcoin has risen nearly 20% in a week, with a particularly sharp increase, and there has not been a significant pullback yet. After breaking through yesterday, it did not stabilize, so a pullback is normal. This pullback may be quite large to digest the profit-taking.
Spot can be bought on dips, while contracts should be a bit more conservative. The more reliable points to go long again are around the support levels of 121,500 and 120,000, especially the support at 120,000, which is very strong. When it reaches that point, I will definitely go long one hand. Then, when Bitcoin pulls back to the right level, I can also re-enter small coins, and after that, it will be the altcoin season!
Everyone needs to understand that the price of coins does not rise linearly, but rather it goes up and down. This time, various coins have risen by 20-40%, and there are huge profit-taking positions. A pullback is not a problem. When trading, you cannot chase after prices or sell in a panic. If you didn't buy during the sharp decline at the end of September, and then chased in during the surge, that means your operation was reversed. You should buy on dips during a downturn.
The spot can be held on to, and after this round of consolidation, it can still rise. There are more than 20 days left in October, so don’t rush. Next time it rises, we can take some profits near the previous highs. Let’s operate calmly and not be influenced by market emotions. Don’t forget that there is still an altcoin season on the way~
BTC-0.78%
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