Buy when no one is interested, and sell when life is bustling.
From mid-March to now, it has been fluctuating back and forth for five months. Just hold on a little longer. It has already lasted five months, so it won't hurt to hold on for another one or two months.
How much lower can it go? It is already at the bottom of the range and can’t go any lower. Now it is close to the shutdown price of mining machines, which is basically at the bottom of the range. Institutions, miners, and retail investors are all in trouble.
The current cryptocurrency market is not an incremental market, but a stock market. It is obvious that there are fewer and fewer people in the cryptocurrency circle. Is it because the market is not doing well and the cryptocurrency circle is finished?
In fact, it is not. It is just because the price of the currency is not rising. If most of the altcoins increase several times or even dozens of times, forming a beneficial effect, then people outside the circle will flock in.
This is because ordinary people have no ability to think, the more the price of the currency rises, the more people will buy it. Even if the price rises to the sky, there will only be more and more people taking over. If the price of the currency does not rise, everyone will feel there is no hope, and no one will buy it.
The correct approach is that the colder the market is, the more you should buy, and the hotter the market is, the more you should leave!
Most people do it the wrong way. Those who sell their stocks at a loss are those who are under great pressure, or have leveraged loans. They sell their stocks at a loss because they are under pressure, or because they cannot withstand market fluctuations.
Money doesn't come easily, and this is absolutely true. The transactions that are always based on full-position 100 times leverage are just the mentality of wanting to get rich quickly, and often end up with losses. Therefore, only a few people make money!
Now let’s look at the interest rate cut. The Fed’s September meeting is scheduled for September 17, which is still a month away.
During this period, the K-line is unlikely to continue to rise or explode, but there is a possibility of a second decline. We said in the previous article that the current market is garbage time "garbage time, just lie down", we just need to pay attention to the key points.
The reason is that this time period spans a long time, and institutional investors are unlikely to carry out large-scale operations during this period.
They are more likely to start taking action in the two weeks before September 17 to meet expectations for the Federal Reserve's interest rate meeting, thereby pushing up prices.
Therefore, the market may continue to pull back or fluctuate, reaching a relative low point before starting to rebound.
This logic is a bit like a long-awaited delicious candy. If I tell you that I will give you a delicious candy on September 17th.
Then you may be full of anticipation and excitement for the coming month.
But as time goes by, the anticipation builds, especially when there are only two or three days left before you get the candy, when your excitement and cravings peak.
However, once you eat the candy, that excitement quickly wears off.
Applying this metaphor to the market, we can understand that before the Fed meeting, the market may experience a period of correction and consolidation. Then, when the meeting is approaching, the market will start to hype, and after the meeting, the market may quickly return to calm.
#美联储何时降息？ #加密市场反弹 #Ripple于诉讼中取得部分胜利
