Today is June 15, 2024, Saturday. The market has been falling almost every day recently. The coins I held for a long time finally went up, but as a result of a Bitcoin pullback, the altcoins in my hands returned to their far points, and some even hit new lows. Coupled with the recent consecutive waves of deep pullbacks, many people began to panic again. Bitcoin fell to around US$65,000 last night. This wave directly consumed most of the long liquidity, and many altcoins were also following the pullback. Although Bitcoin fell again yesterday, there is no need to worry too much.
I personally think that in the bull market cycle, at the bottom, there will be a bull market in the cottage industry! It just may happen in unexpected circumstances. Recently, I saw some people say that it is the top of the bull market. If you have really experienced a bull market, you may not have this idea. What I want to say is that the real bull market top is generally full of enthusiasm, and people are not even sleeping, so it is too early to discuss the top of the bull market so soon.
In fact, the more pessimistic voices there are in the market, the healthier the main force is. Many people may have been tortured by the market and are almost crazy, but one thing everyone needs to understand is that we are still in the bull market cycle, so don't be too pessimistic. The spot is patient and waits for the rise. During the bull market, there are only two trends: adjustment and rise. Therefore, the more this kind of deep wash stage, the better time for our spot layout!
In general, Ethereum's ETF is expected to be approved in early July. With the interest rate cut in September and Bitcoin hitting a new low, altcoins are returning to their original positions. I am quite confident about the future trend of the crypto market. As long as Ethereum's ETF has not been officially launched for trading, it will continue to be hyped, and there will be a steady stream of funds injected, allowing the current altcoins to usher in a good rebound, especially the Ethereum series. In the process of washing the market, everyone must learn to have a certain degree of patience, and also learn how to manage their positions. When the real trend arrives, it will continue to rise!
Let's talk about how to sell:
Band:
If it is a swing position, you must set a profit target, such as 10 points, 20 points, or 30 points. In fact, this has a certain relationship with our position. If the project you invest in occupies most of your position, then 10 points may be enough to stop profit, but if the investment is not much, you can set a profit target of 20 points or 30 points!
Fixed investment:
If it is a project that has been ambushed with fixed investment and has a return of ten or a hundred times, for this part of the project, the investment is actually not much, and we want to make a small investment for a big return. Therefore, if the principal is doubled, there is actually no need to pay too much attention to it. In order to avoid being affected by your emotions, you can actually place an order after buying. For example, if you ambush with a dollar, then you can sell half of your position with a 2-dollar order! Because there are many ambush projects, this also avoids the possibility that you may not be able to sell in time after doubling, because the market value of these projects is relatively small, and the corresponding fluctuations are relatively large. After doubling the principal, it may continue to double. At this time, you can continue to pay out the principal or keep holding it, and wait until the big bull market to decide when to clear the position, 1 times, 2 times, 10 times or 100 times, just set a goal for yourself to clear the position!
My personal operating idea is to look at the situation of my own position configuration. If the original investment for this project should be 3,000 US dollars, but I invested more in it, after doubling the principal, in fact, if it doubles again, I can continue to invest the principal. In the end, the remaining position can be controlled at around 10,000 yuan. Of course, this is a personal operating idea. Everyone decides how much position to retain in the end to gain ten or a hundred times the profit based on their own position situation!
Midline:
Secondly, the mid-term position layout is more about some short-term favorable projects, such as clearing the positions before the favorable conditions are implemented, or choosing to clear the positions when the personal wealth goals are achieved before the favorable conditions are implemented! I personally chose to hold mid-term positions in ARB before, rather than long-term, because I knew that it would have a large amount of unlocking in March this year, so at the end of last year, when it was around $1.57, I chose to stop profit and exit after reaching my wealth goal! It can be expected that after the large amount is unlocked, I will most likely have the opportunity to buy it back at a lower price!
Long-term:
What remains is the long-term position. This position actually focuses on the sectors that will be continuously hyped in this bull market, and the deterministic sectors will be enough. The AI sector, Hong Kong concept, Bitcoin and Ethereum are actually all targets for long-term allocation!
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