Bitcoin fell below 39,000 yesterday and reached around 38,600. I personally expect the target of this wave of adjustments to be in the range of 36,000-38,000 integers. Therefore, there should be some room for decline in the future. However, as mentioned before, small declines and small purchases are made. As long as Bitcoin falls below 40,000, it is actually an opportunity. We can execute the batch buying plan mentioned before!
Although DOGE and XRP have not continued to rise, they are currently at a low level. DOGE has Musk's support, and XRP is waiting for listing hype. CFX is worth looking forward to at the Hong Kong Carnival in April. CHZ has a strong performance due to the Asian Cup, so you can pay attention to news events. The overall suggestion is to wait for the right position to layout.
OKB fell sharply in a short period of time, and there is a risk of liquidation in high-leverage contracts, and some large investors were liquidated. Due to the lack of market supervision, any unpredictable market conditions may occur. When participating in contract leverage transactions, be sure to set a stop loss to protect the principal. Many similar events have occurred in history, such as LUNA zeroing and the 312 incident, which remind us to be cautious in the market and keep the principal is the key. Only by keeping the principal can we have a chance to rise again.
After years of experience, I have become numb to the ups and downs of the cryptocurrency market and look at the market from a bystander's perspective. When I can do this, the operation becomes simple. Looking back at when the ETF was first approved, the expectation of a big bull market was strong, and everyone was excited, constantly adding positions, bullish, and full of expectations for the future.
It has only been a week since Bitcoin adjusted to now. After a week of decline, everyone has forgotten the premise that we have entered the stage of the bull market start-up. Grayscale has shipped its products, and negative news has come out everywhere. The "blockchain scam" has reappeared, and none of those who were optimistic about the bull market a week ago are anymore.
There is no need to worry about whether to buy now or at 3.5, because the slight difference in price will be insignificant after the bull market ends. Whether now or in the future, the prices of many coins are super low and they are all chips that can be purchased.
Don't go all in. Position management is very important. For those with low positions, now is a good time to add positions. Don't get out of the market. If you don't know how to operate, just wait and see, especially if you have low-priced chips in your hands.
There is usually a downward trend before the bull market comes, such as March 12, 2020, May 19 and September 24, 2021, and the Luna crash in 2022.
Despite the black swan events, it is possible to earn ten times the return in a bull market as long as you hold on to high-quality altcoins. Here are the mistakes I often made in the first two bull markets:
1. You are already fully invested but still feel that the money you earn is too little, so you use the maximum leverage on altcoins, and you will die immediately after a pullback.
2. Too much FOMO about stories of getting rich quickly, going to Matcha GATE every day to buy local coins, but in the end they couldn't outperform Binance's innovative coins.
3. Afraid of a pullback or want to take advantage of the price difference, if you don’t get on the train once, you will never get on the train.
There is only one rule for getting rich in a bull market: stick to high-quality copycats. What are high-quality copycats?
1. New narrative, listed on Binance, low market value, strong consensus:
2. You must hold on to it and hold on to it hard.
3. Hold a heavy position, buy more if you are optimistic, don’t be afraid that the price will not rise. In a bull market, as long as the conditions I mentioned above are met, the price will rise, and it will rise sharply.
There are two kinds of people, optimistic and pessimistic. Pessimistic people are suitable for living in a bear market. Their cautious character allows them to live normally in a bear market and have a healthy mentality. But the next market will definitely belong to optimistic people. The bull market is your advantage amplifier, but you must also do a good job of risk control, such as 0 leverage, not blindly all-in, not borrowing money and so on.
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