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Will Bitcoin's $76,000 price see a sharp drop? Is Bitcoin's new high a trap for bulls?

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Comfortable, completely comfortable, green still looks good, green is full of vitality, hehe.

The market has been fluctuating for a few months, back and forth, finally back on track, the account has started to profit again, ushering in a brand new beginning.

Bitcoin has also broken through the historical high as expected, reaching a maximum of $76,000, and after breaking through $73,000, it has also entered a new stage.

Bitcoin has hit a new all-time high, and the entire market has also opened a new narrative.

The new narrative represents the launch of a brand new sector, what was bought before still has inscriptions, the series, and the coins that were chased before without value support, will be more uncomfortable going forward.

Because of this bull market, there is a very obvious sector rotation, not like the past where everything bloomed, because this way can trap more retail investors, and the main force can better pull up the market.

Think about it, if retail investors don't understand these coins, don't they like to chase the rise, when they rise, everyone says what has value and go buy it,

After buying, the result is that they are trapped in no time, and after being trapped, they see other sector coins start to rise, and then they reposition.

This is the most unfavorable for retail investors, because if you don't have the ability to analyze the development of blockchain in advance and layout in advance, then you can only chase the highs, the bull market is always there, but the account in your hand is always shrinking. Just like that has risen very well recently, everyone thinks it has risen very well these few days, right?

But once it has risen, it doesn't matter anymore, to chase it after it has risen, the risk is very high,

And we had already positioned on May 1st, Labor Day, at $80.

To accurately screen out the coins that will rise extra well when the market starts, from thousands and thousands of coins, this is the real strength.

It is impossible for an individual to do this, because one person's energy is limited, professionals do professional things. In contrast, the vast majority of retail investors are confused about the market, panicked when it falls, and panicked when it rises, always in a panic, this way it is impossible to grasp the whole market.

And they don't even know the value of the coins they have positioned, don't even know the basic project party, founders, R&D team, what they are doing, whether they are in line with the future development of blockchain, they don't know.

They can't understand the market, and they don't know what coins to buy, they always wait for the market to rise and then chase, when the market falls, they don't know the value of the coins in their hands and cut their losses, this way they will only keep losing money, becoming the fuel of the market.

The market going forward is also extremely important, which sectors will explode, what coins to layout, is it to enter the market immediately, or to wait for a big drop to enter the market? If you want to layout together, you can come and find me to reap the profits of the big players! No threshold to pull you into the community VX group, the community group has daily market strategy analysis, quality coin recommendations, and will also recommend coins with positive news, bury in advance, and also have irregular live market analysis for the group members! If you have any questions, you can also consult in the group, and provide the best answers! WeChat below!

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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