Big brother B is at a new high againOn Monday (March 4), Bitcoin rallied strongly in the early morning of the Asian session, breaking through $64,200 to hit a new high this year, and Ether stood above $3,400 in one fell swoop. Intel unveiled its next-generation Bitcoin mining chip, BMZ2, which sets a new standard for efficiency with its energy-efficient, high-performance ASIC chips.
When Bitcoin broke through $64,000 again, according to Coinglass data, in the past 24 hours, the amount of cryptocurrency liquidation exceeded 30.6 billion US dollars, with more than 1260,000 people were liquidated.
The monthly line has been 7 consecutive yangs, and the last round of monthly line 6 consecutive yangs began in October 20 from more than 8,000 to 69,000, an increase of about 83 times,This time, according to the starting point of the monthly line of 26,000, the target should be around 215,800. (Don't worry about the goal) those who are waiting for a big fall to enter the market, this month may be disappointed, **in the case of continuous inflow and outflow of ETF funds, the slow**upward movement brings time for space, and various indicators also show that there is no sign of a big ** now, at least near the high before 68000, it may be repeatedly ** back and forth to digest the new high pressure level, but a breakthrough is the beginning of the mad cow cottage season.
There is now a strong FOMO sentiment in the market, which will further push ** upwards. The day before yesterday, yesterday's meme sector made a comeback, with Dogecoin, SHTB, PEPE, etc. soaring.
PEPE is reaching a new high today, which is an achievement to celebrate. The success of PEPE Coin once again validates an important principle:In the altcoin market, don't rush to sell, but hold for a long time to avoid finding yourself out of stock when the market erupts。If you sell now, you can make a profit, but you may miss a bigger opportunity in the future. In the altcoin market, it is common for the altcoin to skyrocket several times in a short period of time. Therefore, investors are advised to remain calm and hold until the end of the bull market to achieve financial freedom.
Of course, the plate will rotate, the currency in your hand has not risen, and sooner or later it will make up for the rise, the key is whether you can hold it. Many of us swap coins frequently, and in the end, we get very little and miss the bull market.
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