Yesterday, the CPI was positive and the market rose directly, but as the interest rate was announced to remain unchanged at the interest rate meeting, the market began to fall again. Such a market situation is very fatal for short-term trading. If you slow down a little, it will become a roller coaster ride.
It is best to avoid this kind of market conditions for short-term trading, because this kind of market conditions involves a large element of gambling. Although you know that the CPI data will improve, this is a long-term positive, and long-term positives may not take effect immediately, so trading should avoid such moments. It is better to miss it than to make a mistake.
Today, another cryptocurrency tycoon fell into the abyss because of borrowing. The founder of FTX also caused the collapse of the top three exchanges at the time because of borrowing.
Because of lending, LUNA fell directly from the fourth-ranked currency in terms of market value.
Whether it is LUNA, FTX or today's CRV, the problems are all caused by lending. The difference is that the former two were liquidated in a bear market, while CRV was liquidated in a bull market. This illustrates two phenomena.
First: borrowing is very risky. No matter it is a bull market or a bear market, you cannot borrow. As long as the loan is liquidated, no matter how much assets you have, it will not be enough to cover the loss.
Second: Not all currencies will rise in a bull market.
Some people may think that LUNA and FTX are lending in a bear market, which is very risky. In a bull market, all coins will rise, so lending is safe. Who can guarantee that all coins will rise in a bull market, and no one can guarantee that the coins in your hands will rise.
Such an idea can only be said to be a misunderstanding. In fact, no matter whether it is a bull market or a bear market, the main force does not need funds to crash the market, but only needs data.
From this point of view, whether it is a bull market or a bear market, loans, contracts, and leverage are all high-risk products. These are not games that ordinary people can play, so you must stay away from them.
Judging from the weekly market, the trend is not good. Even without today's event, CRV has been breaking new lows. In the April correction, other currencies did not break new lows, but CRV broke a new low. This shows that CRV's own trend is very weak, and today's event only exacerbated the market situation.
The strength of the trend can be seen in advance from the market. Without today's liquidation event, I believe many people would not pay attention to this coin.
The biggest difference between CRV and FTX and LUNA is that one is at the bottom and the other two are at the top. From this point of view, the panic caused by the liquidation of CRV will not be as great as the former two.
After all, the price is at the bottom and will not have much impact on those who invest in CRV.
Judging from the short-term trend, when the price fell to 0.2 US dollars, many people were buying at the bottom. The main force would not miss such a good opportunity and would take the opportunity to collect enough chips. With so many people wanting to buy at the bottom, it would be difficult to go up in a short time.
Too many people are taking advantage of the situation. It will be difficult for the market to go up unless these people are washed out.
At this time, don't be lucky and take a gamble on the contract. You originally wanted to turn a bicycle into a motorcycle, but in the end you lost the bicycle.
More first-hand latest information, spot contract passwords, bull market layout, circle paper, etc.
