LONG BTC but it will not increase strongly right now

6 days ago

Everyone knows that when the price surpasses a new round price mark like 60k$, 70k$,.. it will continue to increase. And the 100k mark is a huge milestone.
The above is true for long-term BTC buyers. If you day trade or speculate. You will probably fail

When the price starts to surpass 100k$. The buying volume increased so much that it made people think that it would definitely increase. But the market is never that easy.

The price plummeted to 92K, causing losses for those who used large leverage when trading. Then it goes up again and I think it's going to have another drop causing the long traders with high leverage to fail before BTC going up. The price of BTC will increase, but before it increases, it will cause many people to run out of money or lose their faith. That's how the market works, and why there are few winners.

Good luck!

6 days ago

Note

Price may once again drop to 90k or even lower before rising sharply. Never use large leverage when you know it will increase. If it increases you can make a profit even without using leverage. But if the price drops sharply then increases you will lose everything and be filled with regret.


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