Looking back at history, we can easily observe a pattern: every bottom or top is formed after multiple, prolonged, and extreme tests, especially at the bottom area, which is even more obvious. We commonly refer to this as: a point where the decline is unstoppable, leading to an ultimate reversal, usually a rapid surge that quickly moves away from the bottom zone.


Currently, sticking to dollar-cost averaging at this position offers a high cost-performance ratio, rather than waiting for me to predict the bottom. Although there’s a high probability of seeing Bitcoin in the 50,000s or 40,000s, what if? What if the decline stops here?
All our actions (behaviors) should not be based on hindsight, nor should we expect to buy at the lowest point and sell at the highest point.
Finally, a word: today’s content is invaluable, but it does not constitute investment advice. The rest is up to time—let’s look back at the end of this year.
BTC-0,6%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin