The market is picking up, and it looks like it's eager to try.
Will it take off? This is the answer everyone wants to know, but no one knows. We all know it will rise in the long run, but it is impossible to predict in the short run.
Some people in the market like to use technical analysis to find out the patterns and then use them as the key to wealth in the cryptocurrency world.
This idea is extremely naive.
Today, several fans asked me to recommend some technical analysis tutorials to them. They plan to study them carefully and then find the code to wealth.
Technical analysis is not useless, but it can only be used as a reference for investors and cannot be used to guide investment.
For example, during the downward trend in the past few months, many people concluded through technical analysis that a certain coin might rise.
What happens next? If Bitcoin falls, the entire market will fall with it. The market will not care about your technical analysis and will just follow Bitcoin.
As long as there is negative news in the market and Bitcoin falls, the entire market will fall, no matter how strong the altcoins were before.
This is the cruel cryptocurrency world.
Of course, the role of technical analysis in guiding investment is still obvious. At least in the process of rising or falling, we can use data analysis and charts to derive the corresponding pressure and support levels.
At the same time, it is also possible to draw a relatively reliable conclusion and make predictions about the market through indicators such as volume, combined with news and on-chain data.
But you must not be superstitious about the market. Many high-level intellectuals enter the cryptocurrency circle and plan to make money with their talents. They devote themselves to studying technology for several months, and then lose all their principal within a few days.
The investment market is ultimately irregular, but long-term trends are very easy to predict.
2，
There have been a lot of good news in the entire market recently, especially the Ethereum ETF, which has given the market a boost.
But there is another puzzle facing everyone. After Ethereum goes online for trading on July 23, will it fall after all the good news is exhausted?
There is a possibility that this situation will occur.
But we need to determine this based on Ethereum’s growth trend before July 23rd.
If Ethereum surges to around 3,700, then there is a very high possibility that the positive news will turn into negative news after the ETF is approved.
It is recommended that you clear out your leveraged positions and continue to hold long-term spot positions. After all, we will not sell Ethereum at 4000 or 6000. Our target profit position is 9000, which has been expressed many times in the article before.
If the Ethereum market remains lukewarm, then you can take some of the Ethereum chips you have.
The probability of a downward trend after this is not high.
What should I do if the market moves abnormally and beyond common sense, and does not rise before passing but starts to fall after passing?
In fact, there is no need to worry. After the Bitcoin ETF was approved, it did fall in a short period of time. But if you extend the timeline, you will find that it will eventually rise.
The above suggestions are for reference only and do not constitute investment advice. For specific strategies, you are welcome to join Shisanquan and Shisan will provide one-on-one guidance and adjustments to your positions.
3，
In every bull market, meme coins are a topic that everyone cannot avoid.
Especially among the group of "leeks", meme coins are regarded as the god of financial freedom.
You have all been in the circle for such a long time, and the meme coin has increased so much. Has anyone here made money?
Most people lost money.
Now that the market has picked up, meme coins are becoming popular again.
In the final analysis, meme coins are just hype based on the consensus of the leeks. After Trump was attacked, various meme coins emerged. As long as they are somewhat related to the hot topics, they all came out.
Countless investors are buying frantically to take advantage of the popularity and make profits. Although the profits seem good now, have you ever thought before investing that your behavior is gambling?
Although meme coins are popular and their rise is scary, their fall is even scarier.
Once the market falls, investors will basically lose all their money.
In all these years in the cryptocurrency circle, I have seen meme coins that have run away, been stolen, scolded, and been insider-traded, but I have never seen a meme coin that became popular because of its true efforts.
The rules of the game in the cryptocurrency circle are originally a wealth transfer game designed by the dealer, and meme coins have accelerated this game countless times.
Everyone must be cautious when investing.
Of course, Thirteen is not discouraging everyone from investing in meme coins, but it is important to control position risks and never go all in with a heavy position.
Otherwise you will definitely be the one who gets hurt in the end.
4，
Trump recently discussed his economic policy plan in detail in a communication occasion, especially mentioning that he would decompress the cryptocurrency industry and encourage technological innovation.
This has brought support for Trump from the entire cryptocurrency community to an unprecedented level.
In fact, it is quite depressing. In foreign currency circles, it has become a legal investment product, but around us it is full of ridicule and discrimination.
Shisan is considered a big V in this circle on Zhihu. After reading many people’s attitudes towards cryptocurrency, I deeply felt the influence of public opinion on people.
We see some people’s prejudice against us because someone controls public opinion and makes these people be exposed to negative images of us since childhood.
Think about it the other way around, are these so-called intellectuals also influenced by the public opinion around you?
Especially platforms where intellectuals gather, such as Zhihu, with an average income of one million per person, are making so much noise but cannot even see a corner of the world. It's quite sad.
Until now, there are still a vast majority of people who believe that blockchain is a scam, showing off their superiority and mocking the cryptocurrency world.
It's still quite sad.
Currently, the US Bitcoin ETF has been approved and is already a legal investment product. Even Hong Kong has now approved the Bitcoin/Ethereum spot ETF, but we still think that Bitcoin is a scam.
Everyone can take a look at how people around us view the cryptocurrency world under the influence of public opinion?
Prejudice comes from ignorance, but more importantly, it comes from the public opinion guidance of the upper class.
Most intellectuals claim to be elites, as if they have omnipotent powers. However, from a third-party perspective, they are nothing more than captive dogs.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
