All along, Shisanquan’s investment style has been to rather miss out than chase high prices.
Many new friends in the circle always like to keep an eye on some coins that have skyrocketed in price, and ask me if they can buy at a high price. My answer is basically not to, and continue to wait for the next opportunity.
What this circle lacks the least is opportunities. If you miss it, you miss it, but you can’t make mistakes. If you miss it, at least your principal is still there, and the next opportunity is waiting for you not far away. Once you make a mistake, your principal is gone, and life in the cryptocurrency circle will be very difficult.
I have told you in previous articles that the leeks almost always lose money in bull markets, not bear markets.
Because of the bull market, many friends have earned some hard-earned money after experiencing the bear market for about 4 years, working from 9 to 5 every day, and can once again enter the cryptocurrency circle to pursue their dreams.
Most people don't learn from their mistakes. They know that a bear market is the best time to enter the market, but most people turn a deaf ear to it, especially those "leeks". After experiencing several rounds of bull and bear markets, they never learn from their mistakes.
Always enter the market in the bull market, then get trapped, continue to work nine to five in the bear market, and continue to enter the market in the bull market to give money to the cryptocurrency circle.
Moreover, they all enter the market with the dream of financial freedom, and often hold heavy positions or bet on some altcoins. Once the market falls back, the losses will be very heavy.
If such losses occur at the beginning of a bull market, it will greatly affect the earnings in this round of bull market.
Therefore, you must control your mentality, embrace mainstream currencies, and don't be brainwashed every day. What financial freedom, what a hundred times or a thousand times the value, these are just the moon in the mirror and the flower in the water, which will be shattered with one blow.
2，
The current market trend is still in a period of high-level fluctuations.
During this period of volatility, we should pray that the volatility lasts for a short time. The longer the market fluctuates sideways at this position, the greater the risk of a future pullback.
Once the bulls' strength is worn out, the market is likely to turn downward.
However, the downward trend is actually a very healthy trend. The market needs to pull back to around 64,000 to confirm the Bollinger Band. It is better to start rising again after confirming the support at this position.
The current market volume seems to be insufficient. Although it is rising, it looks very weak. If the volume cannot rise, it is unlikely that the market will break through 68,000.
Judging from the market, the upward channel has not gone bad. The 4-hour Bollinger Band's oscillation range is between 660,000 and 680,000. Theoretically, you can buy low and sell high, but given the current tense situation, the bulls may be suppressed, so we should move the space below downward to around 64,000.
Operational suggestions have been given today and you can refer to them.
We all know that this round of increase is due to the positive impact of CPI. Although it only met expectations rather than exceeded expectations, it has already made the market crazy.
This means that inflation is starting to decline, so both US stocks and Bitcoin have started a wave of increases.
Therefore, the impact of current market news is far greater than that of technical factors.
3，
Today is 520, and in 3 days the final result of the Ethereum ETF must be announced.
In fact, if the result is not unexpected, it will definitely be rejected. The institution that applied this time is a small fish and does not have enough influence. The event that has the best chance of Ethereum ETF passing is BlackRock’s application in August.
Currently, the entire market has expected that it will not pass. The SEC is still debating whether Ethereum is a security. The possibility of passing this issue without being resolved is really small.
If it fails, the market may go down again, but the market has already digested the expectations in advance, and the downward range will not be large.
But this may be the last golden opportunity of this bull market.
How to grasp it? The investment methodology of Shisanquan is to hold long-term positions and short-term positions in parallel. The long-term positions are kept unchanged, and the short-term positions satisfy the addiction. This method can minimize the risk and ensure that this round of bull market will not be missed.
If all goes well, the market is about to jump out of this golden pit.
In fact, during this period of time, the market has given us enough time to enter the market at a low level. If you are still short and hesitant and dare not take any action, then you need to think about your own problems.
4，
On the 23rd, we should not only pay attention to the Ethereum ETF, but also pay attention to Powell’s speech. The main content of this speech will revolve around topics such as inflation and interest rate cuts.
It depends on whether the Fed releases an hawkish or dovish message. If it is the former, the golden pit may continue for a while. If it is the latter, the market will start directly.
If it is confirmed that there will be no interest rate cut this year and it will be postponed to next year, then Bitcoins starting with 5 will become the norm and we will have plenty of time to buy at the bottom.
Otherwise, the stock will take off directly, and investors who didn’t get on board will be furious.
The investment market is like this, there is no certainty of rise or fall, and you need to take risks, which further reflects the importance of long-term investment and DCA.
There are two types of people in the current market. One type has already completed the Bitcoin layout and believes that Bitcoin will not let them down in the long run.
One type of people are still waiting, waiting for Bitcoin to create a gold mine. If they are lucky, they can indeed maximize their profits, but will there definitely be a bigger gold mine?
This point must be thought through clearly.
There is no investment in this world that is completely risk-free.
Looking back, it’s actually quite sad. The Americans have such a huge influence on the cryptocurrency world that we have to look at their faces every day.
After playing for a while, Lao Mi became the banker, not only having the first-mover advantage, but also being able to strike back later.
On the 25th, NVIDIA will release its financial report. In the previous thirteen rounds, it has ambushed many projects in the AI track. We must keep a close eye on the 25th and take profits and exit at any time, except for long-term positions.
[Recently, Shisan sprained his right wrist. Every time I finish writing an article, my hand becomes swollen. If I don’t update one day, it must be because of the injury. Please forgive me. Every article of Shisan is purely hand-typed and original. Please give me a lot of likes and support! ]
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Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
