The holding volume is increasing every day, which means that the hot money in the market is increasing, and the market is becoming more and more fanatical. However, if you ask me if I can chase more now, I think it is really not appropriate at the current price.
It can be found that major KOLs are actually quietly reducing their spot holdings, and even some institutions are doing the same. And in this bull market, the most common words we hear are "How can it keep rising?" "How can it rise to 90,000?" "How can it not pull back?"
But in fact, looking back at the previous bull market, many people said the same thing at the time, but what was the result? Everyone was stuck at the price of 69,000.
On the contrary, if you have a large amount of funds, or you are an institutional investor, it is not suitable to buy at the current price. You should have a dealer's mindset when trading.
With this round of price surges, the greed panic index has reached 80%.
In the trading field, there has been a saying: "Buy when panic, sell when greedy", "Buy when no one cares, sell when the crowd is bustling".
Finally, Livermore has a classic saying: "There is nothing new on Wall Street, and speculation is as old as the mountains."
This means that in the investment market, many technical analysis tools and investment concepts are based on the methods left by predecessors, such as wave theory, harmonic theory, Wyckoff theory, or Gann's techniques. Guanzhu Public Account: Bi Laoyan, no waste of good skirts.
The most important thing is not to chase the rise and fall, don't be impatient or greedy, don't violate your own trading principles, and don't buy and sell out of your own trading model.
In addition, you can refer to the previous bull market situation, from which you will find some clues. Many phenomena are familiar whether it is a bear market or a bull market, because from the past to the present, human nature has never changed!