Bitcoin Investment Trap

Shernice軒嬣 2000
11-20


$Grayscale Bitcoin Mini Trust ETF(BTC)$  

$Strategy(MSTR)$  

After Bitcoin fell below 90,000, it suddenly made a strong rebound to 93,000. That “pullback” has already begun. Speculators immediately saw it as a bottom-fishing opportunity and rushed in. But in the past 24 hours, Bitcoin plunged another $3,100 and fell below 90,000 again. This is a very typical low-level investment trap — a fake rebound designed to lure investors in. Once they enter, the price crashes, leaving them agonizing over whether to cut losses or hold.

A quick look at the chart makes it clear that this rebound was just false momentum. However, eager investors only focus on the rebound points and ignore the overall trend.

@TigerStars  @TigerObserver  @Daily_Discussion  @Tiger_comments  @TigerPM  

BTC Slides: Can it Hold $85K or Head to $70K?
Strategy poured nearly $1 billion into Bitcoin for a second consecutive week, continuing to add to its position as crypto prices pulled back. The pioneer of the “digital asset treasury” strategy saw its shares fall more than 8% on Monday, closing at $162.08 in New York. Bitcoin at one point slid 3.7% to $85,171, still down about 30% from its early-October record high of $126,000. Can Bitcoin hold key support levels this week? Will MSTR test the $150 level again? Would you stay firmly invested?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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