BTC: Is the Market Healthy or a Bubble?

Some fans asked: BTC has risen so high, is there a bubble? Will there be a major correction?After reaching this position, Lao Meng was also very panicked. But I took a shower and calmed down and thought about it. Is there a bubble when BTC rises so high? Is the market still healthy? We know that once retail investors start to cheer for joy and start frantically posting profits and posting on WeChat, and when the ladies in the wet market start speculating in coins, it is the time when a correction is needed to squeeze the bubble.Is this the case now? Obviously not, retail investors not only did not cheer for joy, but instead wailed in pain. Therefore, there is no bubble in a market where only BTC is rising! The 2W-3W area is a diamond bottom, and there are countless BTC fanatics who stick to it. In the 4W area, Tesla, Musk, El Salvador and funds brought by "ETF adoption" are holding on. There are more than a dozen issuers including BlackRock holding on to the 5W area. The reason why BTC reached 60,000 so quickly is not caused by the bubble, but because there are really not enough BTC on the market to buy, and it is determined by the relationship between supply and demand.To sum up, Lao Meng believes that the current market is still very healthy. A correction of 10,000 points is unlikely, but a rise and fall of several thousand points is possible.

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