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July 17, 2024 Q&A: Will there be a second bottom? How low will it go?
Hello everyone, I am crypto world Fan Ge. Today, I will answer several questions that everyone is concerned about!
Recently, Brother Fan dared not catch the bottom himself, so he sold the profitable part of the previous Auto-Invest Position and waited for pullback!
Reason:
1) Is there a double bottom? Brother Fan thinks there is an 80% probability.
2) Where will the second bottom be? Brother Fan believes it will be around 45000-56000U, with the ideal scenario being near 56000U, because this position will not lead to too long a market fluctuation afterwards.
3) What will happen if it double dips to around 45,000? Fange thinks that 45,000 is a solid bottom, and catching the bottom will be more confident, and the market will be more thoroughly cleaned up!
So the Bull Market is still here, whether there will be a double bottom or not, whether it bottoms out at 56000U or 45000U, should not affect our faith and focus! We should not lie flat either!
The difference in position between 45000U and 56000U only affects the intensity of our catch the bottom, not whether we should catch the bottom!