Market Behavior: Setting Higher Goals, Reaching Pe

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When everyone starts to set higher goals, it is often when they are close to reaching the current goal, and the market is prone to decline at this time. And when everyone feels that the market has reached its peak, unexpected doublings often occur.

I feel this deeply. Take the Bitcoin bull market in 2017 as an example. At that time, Bitcoin rose from US$1,000 to US$10,000. Many people thought this was the peak. However, in just one month, the price exceeded US$20,000. When the price reached $20,000, the market was generally optimistic about the $50,000 target, but then entered a bear market.

Looking at 2021, the price of Bitcoin rose to US$69,000, and investors generally raised their goals to US$100,000. As a result, the market quickly collapsed.

热点： GOALS