Why don't altcoins have a beneficial effect?
Why is Bitcoin the strongest? It's because Wall Street is buying it and because Binance is regulated. If it weren't for Wall Street, Bitcoin would have died at this time...
Most exchanges are in a deficit, so they don't want to rise, they want to short to settle accounts.
However, Wall Street is too strong and has a lot of money. At this time, they have to sell spot and go long in futures (hedging is necessary).
But Bitcoin is hard to fall.
"The reason why the copycat market is so difficult in this round is that, essentially, apart from Wall Street (they only play Bitcoin), there is almost no new capital entering the market.
It is equivalent to retail investors and market makers of various exchanges betting against each other, and retail investors are long.
In the past, each exchange and each market maker attracted new investors by making old investors profitable on paper.
Originally, with new retail investors and new capital entering the market, the Ponzi bet could last longer.
But the environment does not allow it... the leeks have been cut bald by the power class...
That is why the crypto market is so looking forward to the release of water. The US stock market is in an environment of interest rate hikes, which is so joyful!
The core reason is that there are few good things in the currency circle, so we can only play Ponzi bets. Release of water is a sufficient condition, not a necessary condition. Good things are the ones. It is obvious that the ETF target will fluctuate upward.
Before the Federal Reserve releases the data, I personally think that the market is likely to have no trend, and it is also It is mainly oscillation. Buy when it falls too much and sell when it rises too much. Don't chase the rise and sell when it falls!
In general, the ETF hype of Ethereum will definitely come again. At present, many varieties of Ethereum series are at low levels. This is a good opportunity to ambush and increase positions. Buy when it falls and sell when it rises!
The real violent bull market in the crypto market is in the third quarter, so everyone should have confidence and never give up. Whether it is a short-term adjustment or a decline, it is all for the big bull market to accumulate power. Take the spot and hold it firmly, especially high-quality assets.
At present, the market should pay attention to the position near 66,000. If the 4-hour level receives below 66,000, then short-term adjustments are inevitable, and the market still needs continuous baptism. At present, what everyone can do is to study and learn more, and at the same time, the more it falls, the more high-quality assets should be bought.
I don’t know what to do in the bull market. Click on my avatar, pay attention, bull market spot planning, contract password, free sharing.#美联储利率决议即将公布 $BTC
