Yesterday, the main force made trouble again, luring more buyers and then lure short sellers, and then the price went up again after being lured short sellers. Overnight, the price was still the same, but many people lost their positions.
This is why I have always emphasized that contracts should not be touched. Contracts are an abyss. Isn’t doing contracts just about increasing leverage to make more money? Always thinking about how much money to make, never considering that a liquidation is equivalent to losing everything.
You don’t have any technical skills, don’t understand the market trends, and don’t even know the 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 has been fooled into doing contracts, thinking that they can make a lot of money from contracts, ten times as much from spot trading and a hundred times as much from contracts.
But if you can clearly understand the market and know the trends, and invest in valuable currencies, you can earn 10 times. Theoretically, you have the possibility of earning 100 times. But if the market fluctuates randomly, your position will be liquidated, and 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 fluctuated up and down. The highest point of Bitcoin touched the trend line pressure near 68,000. This has been the trend pressure for more than half a year. 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 and fell back to around 64,800.
Judging from the trading volume of Bitcoin's attack, this is a relatively effective attack, so the current upward trend is still relatively healthy. It is okay to layout on dips. The trend is not very stable, always going back and forth! Especially for cottages, be careful not to chase highs easily, otherwise it is easy to chase highs and sell lows! Or it is easy to be stopped! Therefore, it is relatively reliable to find key points and layout on dips!
At present, the copycat industry is still in the stage of accumulating strength and brewing, because everyone is waiting for Bitcoin to effectively break through and then set new highs. Only when the market truly breaks through will it enter a crazy mode, and only then will the copycat industry explode. So grab the high-quality copycat industry in the potential track and wait for it to take off.
In addition to meme, copycat options can focus on profitable projects, such as old DeFi, high-quality public chains, RWA, Depin and other high-quality leaders in the field.
Bitcoin spot ETFs had a net inflow of $550 million, while Ethereum spot ETFs had a net inflow of $17 million. Combining last Friday's data with last night's ETF data, it is basically certain that the inflow of external funds has shown a relatively stable situation. In simple terms, macro capital has been released.
I suggest that brothers who are deeply trapped in coins must lighten their positions after this round of high surge and recovery. There can't be a market that keeps rising. Even in a big 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 a bear market strategy, and a bull market has a bull market way of playing. Customized trading logic is the most important.
The news has been basically stagnant recently, with neither too much good news nor unexpected bad news, so capital has quietly entered the market. The Ethereum exchange rate briefly touched 0.04, with a pressure level of 0.042. Only after breaking through this position can Ethereum have a truly independent market, which is expected to be realized soon.
Emotions are gradually rising, and it's time to put reducing positions on the agenda.
The bull market is coming in the second half of the year, 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.
At the climax of the bull market, if the funding rate is abnormal, the bull market is likely to end soon, while a healthy rise means that the funding rate and the long-short ratio of positions are getting higher and higher, which proves that the market is bullish and 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 ended in the frenzy, the cottage industry soared, the sentiment was high, and the aunts entered the market. After capturing these signals, observe whether the funding rate and the upward trend are abnormal, 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 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.
