$BTC continues to hit new lows, the major retracement of gold and silver signifies the end of a wealth redistribution cycle, much like retail investors selecting stocks, the new market leaders also need to reselect targets and reposition themselves. Before repositioning, a significant amount of capital must be withdrawn, small players follow large players in the layout, and this all takes time!
First, let’s discuss the market outlook: from the trading range perspective, 83000-86000 is the lower boundary of the previous range, and it needs to liquidate long positions above 5X, with prices around 67000. However, 70000-74000 is an important support range, and it's not far from the liquidation point of 67000. Therefore, gradually buying $BTC from the current price to 67000 in batches to bet on the rebound is feasible, but regarding the larger market, it’s currently not visible!
Additionally, let's chat about the industry outlook:
From the situation in the crypto space over the past two years, $BTC stands out, becoming an unparalleled high target in the crypto world.
If 99% of the targets in an industry are heading downhill, then the dividend period for that industry must be over! As for the few coins that have multiplied dozens or hundreds of times, we can ignore them!
So does the crypto space still hold any significance?
I've thought about this question for a long time! For most retail investors (with weak trading experience), continuing to stay in this circle is actually of little significance. The cycle in 2022 was the last opportunity for retail investors; there are not many chances left to bet on fluctuations without major cryptocurrencies. Even Ethereum raises a question mark! But if you manage to bet on a fluctuation, a remarkable outcome could yield 60%-80% in the market. If the capital is not large, it’s just pocket money, and investing too much energy in it is of little significance. It’s better to invest in AI and grasp the current and future wealth opportunities!
As for the crypto space, engage in it as a hobby during your leisure time, occasionally check it out and participate, but there's no need to hold excessive expectations!
Every era has its protagonists, and blockchain still has great development potential, but the wealth opportunities for the average person are dwindling. In this era, AI is the shortcut to overtaking on the curve!
While I will continue to pay attention to the crypto space, I am willing to invest in AI!
