Yesterday, the main force made trouble again, inducing longs and shorts, and then the price went up again after inducing shorts. Overnight, the price remained the same, but many people’s positions were gone.

This is why I have been emphasizing that contracts should not be touched. Contracts are an abyss. Isn’t the purpose of doing contracts to increase leverage and make more money? You always think about how much you can earn, and never think about losing everything if the position is liquidated.

You have no technical skills, can’t understand the market trends, and can’t even distinguish between bull and bear trends. If you dare to do contracts in this state, isn’t that just gambling?

Almost everyone who enters the cryptocurrency circle now has been fooled into doing contracts, thinking that they can earn more from contracts. If they can earn 10 times from spot trading, they can earn 100 times from contracts.

However, if you can clearly understand the spot market and layout valuable currencies, you can earn 10 times. Theoretically, you can earn a hundred times with contracts. However, if the market fluctuates randomly, your position will be liquidated. You will not be able to earn the 10 times you could have earned, and you may even lose your principal.

One last reminder, if you want to avoid losing money and make money, stay away from contracts! Stay away from contracts!! Stay away from contracts!

After the U.S. stock market opened last night, the market was up and down, with Bitcoin hitting a high of trend line pressure near 68,000. This has been a trend pressure for more than half a year, and it is quite difficult to break through it in one go. Therefore, after touching the pressure zone, the market took a sharp turn for the worse, falling back to around 64,800 as the lowest.

Judging from the trading volume of the big cake this time, it is a relatively effective upward attack. Therefore, the current upward trend is still relatively healthy. It is okay to layout on dips. The trend is not very stable, and it always goes back and forth! Especially for cottages, you should pay special attention not to chase high easily, otherwise it is easy to chase high and sell low! Or it is easy to be stopped! Therefore, it is relatively reliable to find key points and layout on dips!

Currently, the copycats are still in the stage of accumulating strength and brewing, because everyone is waiting for the big cake to effectively break through and then reach a new high. Once the breakthrough is really made, the market will enter a crazy mode, and then the copycats will explode wildly, so grab the high-quality copycats in the potential track and wait for it to take off.

In addition to meme, the focus of copycat selection can be on profitable projects, such as old DeFi, high-quality public chains, and high-quality leaders in tracks such as RWA and Depin.

Recently, the Bitcoin spot ETF has a net inflow of 550 million US dollars, and the Ethereum spot ETF has a net inflow of 17 million US dollars. Combining the data from last Friday and the ETF data from last night, it can be basically confirmed that the inflow of external funds has shown a relatively stable situation. In simple terms, the macro funds have been released.

It is recommended that if you are deeply trapped in a currency, you must reduce your position after this round of surge and make a profit. There is no market that keeps rising. Even in a bull market, there will be countless crashes waiting for you to step in. At the same time, there is no market that does not give you the opportunity to enter. A bear market has its own strategy, and a bull market has its own way of playing. Customized trading logic is the most important.

The news has been basically stagnant recently, with no big positives or unexpected negatives, so capital has quietly entered the market. The Ethereum exchange rate briefly touched 0.04, with the pressure level at 0.042. Only after breaking through this level can Ethereum have a truly independent market, which is expected to happen soon.

Emotions are gradually rising, and it's time to put reducing positions on the agenda.

The second half of the bull market is coming, and the copycat season is about to begin?

Everyone's account balance will increase several times. If you fail to accurately judge the end of the bull market, the money you earn is just a number, and you may even face losses in a bear market.

During the climax of the bull market, if the funding rate is abnormal, the bull market is likely to end. A healthy rise means that the funding rate and the long-short ratio of positions are getting higher and higher, which can prove that the market is bullish. More people continue to buy to support a large number of sell orders in the bull market. The funding rate is a very important signal. The bull market ends in a frenzy, with altcoins skyrocketing, high sentiment, and middle-aged women entering the market. After capturing these signals, observe whether there are any abnormalities in the funding rate and the upward trend, and then decide whether to implement the position reduction plan.

To sum up: the darkest time has passed, and you thought the food on the table was half eaten. In fact, the food has not yet been served. Wait, the fun is about to begin.

The current market trend is more like clearing out the profit-taking of previous altcoins.

Strong currencies such as WIF, SUI, TAO, etc. have completed a wave of pull-ups, indicators have diverged, and a correction is needed in terms of form.

At this stage, the bitcoin price is volatile, and the pullback of the previously strong altcoins is also a good way to clean up the market.

Signs of the beginning of a bull market

The market keeps going up and down, the volatility increases, and the market falls sharply. The only thing that spot investors need to worry about is not being washed out of the market, and the use of leverage contracts should be controlled at small multiples. It will be observed whether it can stand at 70,000 this week. If successful, all currencies may rise by about 30%, similar to the market at the beginning of this year, and many old currencies will also rise.

(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)