Try not to get too excited by the halving

With the price action we've seen recently, I can't help but be bullish - when you consider the fact that bitcoin got a ton of covid selloffs, recovered and has maintained key support zones it really does paint a positive picture for the asset.

We will have a momentary pump to the 10k range and given the amount of retail interest in bitcoin, the potential momentum we could see from this could push us up to the 14k range. But I'd be very surprised if we didn't return to the 8-9k range soon after the halving. The short term plan should be that you plan to take a large portion of profit in the 10k range and reduce leveraged exposure if that is how you are trading.

The halving is coming but it isn't anything new, and everybody knows it is coming. In my opinion the halving is not something that will set people up for life, these people will likely lose out, my philosophy of the halving is not something that prints off millionaires in the short term as people are trying to tag along the stonks train but it is the catalyst for supporting the long term value of the actual coin.

As long as you have sats you can't lose :)

Kommentar:

Things seem to be going according to plan at the moment, but whether we shoot up or down depends on whether we can break through 10k. Just wait it out if you don't have a clear idea of what to do.

Order storniert:

I don't think we're breaking 10k soon. Need to step back and take note.