My views on the next Bitcoin market:
1.
It is not a bull market yet, just a rebound. The main reason is that the current time point does not match the historical start time of the bull market, which is usually around the halving.
2.
The current market is triggered by multiple positive factors, including the year-end market, ETF expectations, and halving speculation. Therefore, it is expected to last for 1-1.5 months and end in late November to early December.
3.
Under the current multiple positive factors, Bitcoin is expected to rise to around 40,000 US dollars. This position has a significant impact on improving the market atmosphere.
4.
If Bitcoin really rises to around 40,000, I will consider clearing the position, waiting for the next drop to go short or layout altcoins.
5.
I expect that ETF may pass from January to March next year, and I will layout altcoins in advance at that time. Bitcoin is still strong in the early and middle stages of the bull market.
6.
The current market needs to be cautious, and there may be a sudden drop in Bitcoin at any time. The higher Bitcoin rises, the greater the risk of correction.
7.
Technically, pay attention to the two key psychological barriers of 30,000 and 40,000. These important psychological barriers are often easier to break.
8.
I suggest not to over-leverage and control the risk. If newcomers pursue stability, it is best to hold Bitcoin and Ethereum first.
