Coin World Report:
Bitcoin Rebounds Near 67,000, Patience is Key
Yesterday, Bitcoin continued to decline, breaking through 67,000. Bitcoin has been fluctuating around 67,000, rebounding, rebounding again, and currently facing resistance at the 68,000 level. There is no apparent bearish news, and it is still pure capital dumping, possibly the result of manipulation by “Dog Gang” in order to reduce resistance for subsequent upward movement. The downside is concentrated in the short-selling liquidation zone, which extends to 65,550. This range has accumulated a liquidation intensity of 400 million and is also a entry point for long positions.
As for the altcoin market, there is not much to say. It has also experienced more declines than gains, but stop-loss is necessary for altcoins! Without short-term trading, there is no feeling. I will continue to do short-term trading, and I guess I can’t quit this cycle. The current bull market is different from before. The patterns from March to October have all resulted in losses, so as long as there is profit, it’s good enough! My principle for trading is not to turn profitable trades into losses, and my attitude towards altcoins is not to fall in love.
Currently, altcoins are still in the stage of accumulating energy and brewing because everyone is waiting for Bitcoin to break through and reach a new high. Once it truly breaks through, the market will enter a frenzy mode, and altcoins will explode. Therefore, hold onto high-quality altcoins with potential and wait for them to take off.
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The gaming sector leading the rise
After I released the article about blockchain games last night, they exploded three hours later! This is just the beginning, and I have also been following it since October 19th. Definitely made a profit!
In this round of blockchain games, there should be these four: $BITGTIME, $PIXEL, $PORTAL, $YGG, the four kings of blockchain games. Bigtime is indeed the best, if you missed it, buy Pixel, if you missed that too, buy Portal, and if you missed that as well, don’t play blockchain games anymore. YGG should see an increase in volume in the next two days, so wait and see.
Recent Performance Review
Recently, many people have been saying, “The heyday of the cryptocurrency market is over, and it is really difficult to make money in the cryptocurrency market. Bitcoin, the leader of the cryptocurrency market, hasn’t outperformed Nvidia, the leader of the US stock market. BNB, the platform coin, hasn’t outperformed Coinbase stock, and even Ethereum hasn’t outperformed BNB.” I can only say that their approach is wrong. In this market, we can only be scumbags and adopt scumbag strategies: do short-term trading, and holding onto your U is the best answer!
Recently, I have led internal members to profit greatly, with precise timing. SLP has gained 15 points in returns, and next, you can follow me to achieve the next one!
