ZenithZero
@zenithzero
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13 Followers
Bitcoin is About to Hit a New High, Will the Altcoin Season Arrive?
With the Iran-Israel ceasefire and new highs in US stocks, continuous institutional buying has led to a new high in Bitcoin's net inflow last week, which may drive Bitcoin to start a new upward trend and create a historical high.Bitcoin rose over 6% last week, indicating strong buying around $100,000. Bulls are trying to consolidate their advantage by maintaining prices above $108,000.
However, it is worth noting that weekend liquidity is usually low, and breakthroughs should be viewed cautiously. Sellers will return on Monday and try to keep the price within the range of $100,000 to $111,980.
Bitcoin's strength has triggered buying in several Altcoins, which have rebounded from their respective support levels. If Bitcoin creates a historical high, some Altcoins will try to break through their upper resistance levels and continue their rebound momentum.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific cryptocurrency term translations as instructed.] 0 reply
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As long as you continue to compound, even if it’s just ten bucks, in the end it can become twenty million.
Many people in the crypto world never understand this, so let’s do the math:
You invest 1 million, it goes up 100%, and becomes 2 million. But if it drops by 50%, you lose it all and go back to the starting point.
You invest 1 million, it drops by 50%, turning into 500k. Then it goes up 50%, turning into 750k. It’s amazing how you’ve lost 250k.
From these two examples, we can see that in crypto, controlling drawdowns is always the most important thing. 0 reply
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