Bitcoin finally broke through the shackles of the decline and plunged into a large range, reaching a short-term low of around 64,300 points. Judging from the trend, Bitcoin is likely to hit a new low in the short term. In contrast, Ethereum's technical form and data have shown bottoming signals.
The endless decline of mainstream coins, logically, is more inclined to the market's hawkish state, it depends on whether the bulls can hold on. A serious decline, the abnormal movement of the chain between large players must not be hidden from the market, but everything is normal.
If our ultimate goal is not to gain a few points in the short term, then it is really not recommended to torture yourself by staring at the fluctuations of these points in the short term. What if the trend drops by 50% in one or two days? What if the rebound doubles? This time period is not the time for us to get off the bus. Smart people bought cheap chips early and are still traveling outside. People who are playing with the little bullets every day are almost cutting their own leeks.
As far as today's market is concerned, the decline of Bitcoin and Ethereum is less than 3%, and the altcoin market is the one that is falling. I have always emphasized that if you have a full position in altcoins, you really need to reflect on yourself after the current round of market stops falling.
Of course, I am just like everyone else. I have to take a hit when the market goes down. But with the same blow, I might just break some skin, but many people will directly injure their bones. Armor is troublesome to wear, but it can really save lives at critical moments.
It goes without saying that those who have no holding orders are not holding orders. If you are holding orders and are confused about what to do, the most correct thing to do is not to do it! The decline of the market is the external logic of losing money, but the deep shrinkage of assets must come from the opening and closing of orders one after another. If you really can't bear the current downward trend psychologically, the most extremely conservative operation is to clear all the cottages, and then go all in on Ethereum. The loss rate does not exceed 70%. I firmly believe that there is still a chance to make back the money in this bull market. At that time, clear the position and stay away from the market, and never look back!
In 24 hours, the entire network had a liquidation of 480 million US dollars, of which longs accounted for 420 million US dollars. Ethereum accounted for the largest share. This liquidation data is already ranked among the best in the year. Extreme greed brings the limit to zero. This year's 618 is enough for many people to remember for a lifetime.
Ethereum's exchange inventory reached the lowest market level since 2016. The institutional fight for low-priced Ethereum chips has become fierce. To put it bluntly, as long as the SEC confirms the official launch time of the Ethereum spot ETF, Ether will inevitably reach a new high before ETHE.
Yesterday, Bitcoin spot ETFs continued to see net outflows, and the macro sentiment did not improve much, with a total outflow of $145 million. However, the inflow and outflow of the big pie on the chain did not change much in the short term. As I said before, long-term value investors have no feeling for short-term market fluctuations.
If Bitcoin can continue to drop by more than 1,000 points symbolically within 48 hours, and can be pulled back in the short term, the first batch of bottom-fishing in this range can be considered. The cost-effectiveness is always determined by the decline. There is no opportunity to get rich every day in this world, and there are no retail investors who lose money every day.
BTC: If the big cake continues to smash the market with large volume, the technical logic is really difficult. Uncle San has been paying attention to the abnormal movement of chips of large investors on the chain recently. The trend of smashing the market with real money and silver is easy to reverse, and the bull market may end here. However, if the market is always smashed with high-frequency data, the main force will most likely pull back quickly after the fund absorption reaches saturation. The trend is too tug-of-war in the short term, so pay attention to a few points. Pay attention to 65165 points in the short cycle. The daily line is withdrawn, indicating that the short pressure has eased. It is likely to continue to move upward after a shock. The bottom strong support is 63132 points. If it can be inserted as scheduled, it is likely to reach this position. At present, there is no momentum for a break. The market short position must be completely reversed, and the high position must be 67197 points on the daily line. Anyway, the wide range of shocks brought by this wave of wash-outs during the day also shows that the adjustment that has lasted for more than three months is coming to an end. The market will not be achieved overnight. There may not be too good performance in the next week. Repair, adjust, and repair again.
ETH: Ethereum is slightly stronger than Bitcoin in terms of trend. There are indeed not many chips in CEX, reaching the lowest point in 2016. It is conceivable how big the layout and ambition of the black hand behind this is. It tends to be 3355 points as the short-term low point. If we consider the extreme situation of Bitcoin pinning, the bottom is expected to be around 3301 points.
We have to be the one who sells at the top of the bull market. Between the rotation of bull and bear sentiments, we should not become the fuel that pushes the market forward. This market may not be bright, but we believe it is warm and bright!
Finally, stay away from leverage and stock up on spot goods! #币安合约锦标赛 $BTC #美联储何时降息？ #meme板块关注热点
