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Roughly speaking, there are two types of profit and loss origin for bit miners. One is $ 3,500 and the other is $ 2,000. The latter is impossible until the latter and the former is called the "bottom-bottom".
Let me give you a strategy. First, 'they' would fool all the foolish traders, smart traders. You will see a huge buying order in the 2k-2.5k zone if the beat drops significantly. So that would be the target of the decline. Therefore, the purchase order of 3.5-3.8k area will be reduced. In addition to that, they may have several ways of deceiving people, but I will not put them here for a long time. I'll do it later.
In order to increase the number of long positions, I think the probability of price increase will be high by 5.2-5.6-5.8. If you get so many long positions, you will see a very strong dumping.
Do not assume that this bearish will end in near future. I will advise you so. The bit price will fluctuate between 4k and 6k for at least several months.
We need to come to terms that there are only 21M BTC in the world so any price volatility is only temporary.
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Sure, and the price is one of the most matter for investors.
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