There is little discussion about the market recently, mainly because the market is not very volatile, but the market situation can be clearly seen from the weekly trend.
The essential feature of a bull market is that the highs and lows continue to move upward, and after each pullback, the price can hit a new high.
The recent daily line shows that the market has experienced three declines, but the power of the bears has gradually weakened each time. Whenever the price falls below the support level, it can quickly rebound, which shows that the key support level is very solid. At present, the market is still fluctuating in a specific range. After the short-selling power is released, it will be time for the bulls to exert their strength.
Analyze the market. As long as the trend has not reversed, we just need to wait patiently. We don’t need to see money every day like hourly workers to feel at ease.
The rise of the market is not achieved overnight. After formulating an entry strategy, the rest is left to time to execute.
It is not very hard to do trend spot trading, especially the medium and long-term spot trading we advocate, and there is no need to watch the market every day.
The May Day holiday is coming soon. The world is so big, we should go and see it.
The purpose of investing and making money is to enjoy life better, not to suffer in the currency circle.
As the recent news, the US SEC refused to approve the Ethereum spot ETF. Last year, I analyzed the approval of the Bitcoin ETF. It is only a matter of time. Hong Kong has already approved the Ethereum spot ETF, and global approval is only a matter of time. Whether it is early or late, we just need to know that this is a long-term positive for the currency circle.
Just like Binance CZ was recently sentenced, Binance's assets are traceable on the chain. If you are worried about asset risks, just move the assets to your wallet. But wallets also have their risks. An improper operation may cause assets to return to zero, which is also a common problem.
In any case, only when our cognition is improved and we have mastered the professional trading techniques, mentality and strategies of the currency circle, then external factors will not be able to influence us.
We should make money that we can clearly recognize and keep our own territory.
We should focus on our own investment and avoid unnecessary interference. If you don't have independent thinking and operational capabilities, it is a safer choice to stay away from the investment market, at least to avoid losses.
