Under the sharp decline trend, can Bitcoin continue to hold?

Bitcoin continues to “go down the stairs,” one step at a time, and one step at a time. Just a month ago, on 3/26, Bitcoin rebounded strongly from the 3/25 drop and continued to go up, causing FOMO to chase up and feel that “we will never see bitcoin below $50,000 again”. Unexpectedly, just one month later, Bitcoin dropped from a high level of nearly 65,000 dollars, all the way back to below the 50,000 dollars stop line. However, every time the Bitcoin back to pick up people, how many dare to buck the trend to add positions? This situation is always a test of investors’ humanity. The second half of the formula is contrarian investment, which is easy to say but may not be easy to do. It is not easy, not in the outside, but in overcoming their own fear (fear of being buried) or greed (always want to wait for a lower price). Some people are said to have been holding coins since the beginning of the year when the $30,000 came up, waiting for bitcoin to return to $20,000. That’s greed. The more you wait, the more expensive it gets, from $30,000 to $60,000. Cheap discount is good, but always should not be too greedy. The first half of the eight-character formula seems simple and unsophisticated, but it is also a skill to overcome greed and fear, ignore fluctuations, execute operations, and integrate knowledge and action.

It’s easy to see the phenomenon, but hard to see the future. Seeing the future requires deep knowledge and insight. Seeing things inspires fear; seeing the future inspires hope. On the downside, all you get is bearish chatter. Similarly, on a rally, you get a bullish buzz. Media sentiment and analyst comments are lagging indicators of market prices, not leading ones. The key is to think and judge independently. Do you think the bull market is over, or is it still in the bull market? This may lead to a completely different operational logic. All things are but three. Bitcoin has already reached the bottom of three steps, only to rebound. Into the range of 40-50,000 knives, the idea of the establishment of the warehouse was hooked up. But you can never guess when they will quietly siphon off goods and finally release information. Leading organization, laying out in advance, kind of a blind guess. The art of war says, cannot be defeated by yourself, can be defeated by the enemy. Be unconquerable before the enemy is conquerable. Rather than bet and guess, it is better not to bet and guess and be prepared for everything. Left-hand deleveraging ready to play a protracted war, the right hand formula, layout in the first, ready to enter the field, the field will give us lift the sedan chair. Success lies not in luck, but in prudence.

Bitcoin is a litmus test. 2021/10 I said, “Breaking coins to recognize people” , talk about Bitcoin with a person, listen to his words, understand his cognition and attitude towards Bitcoin, observe his actions, and understand how he combines knowledge and actions to invest in Bitcoin, then you can know his moral character and integrity. After I started to build a position in UNISWAP (UNI) from a starting point of $2, I posted the firm offer in all my articles about UNI, in which I attached the data with Bitcoin as a benchmark, and the investment return rate of Bitcoin in the same period (note: not the increase rate) was the benchmark to measure the investment performance of UNI firm offer. Now, again, we see the performance of UNI and ETH in the midst of Bitcoin’s ferocious fall, showing an increase in the value of both. In contrast to the 3/25 drop, Bitcoin also plummeted back to close to $50,000. At that time, the price level of ETH was around $1,500, and the price level of UNI was around $25. Now Bitcoin is back around $50,000, ETH is at $2,000 and UNI is at $30. The 3/2 article “Return of the Jedi” is proving the value ceiling of ETH has been opened. Interestingly, this phenomenon is also being observed on Wall Street, where analysts are starting to say that Bitcoin is the market value of gold and Ethereum is the market value of real estate. The human brain really loves to find out why after the fact. It’s so much fun.

Follow the rise of Bitcoin’s happy small coins, or Bitcoin sideways crazy pull disk for the monster of wild coins, under the fierce Bitcoin kill, hit the market mood panic, what will be the performance, see the real chapter. It’s only when the tide goes out that you can see who’s swimming naked. Bitcoin’s ebb and flow is a natural, perfect litmus test. We are ordinary people with naked eyes and ordinary people, but holding Bitcoin, establishing Bitcoin-based thinking and measuring the world with Bitcoin is like having a fiery eye. Bitcoin has enhanced our intelligence and given us a “third eye” to see the truth.