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Guys, this BTC spike last night is kind of like someone deliberately pulling down to see who hasn’t buckled their seatbelt.
It first smashed down to around $62,500.
Then it turned around and pulled back to $64,000.
My outlook is:
It may first return to $65,000–$66,000, giving the longs a bit of confidence.
But if it still can’t hold firm here, it will likely grind for a few days, and then swing back to test $61,000–$62,000.
What’s truly strong is getting $66,500 back.
If it can’t reclaim it, this leg looks more like a choppy washout than a fresh market start.
The easiest way to lose money is still: chasing after a rebound, and cutting when you see a wick/spike.
Whales don’t fear you getting the direction wrong.
They fear that you don’t have patience.
Just my personal market judgment, not investment advice.