This is a broad principle that covers many aspects of life, including personal relationships, relationships with colleagues, and business transactions. I believe in treating people fairly. Don't take advantage of others, and don't let others take advantage of you. If you can't grasp this balance, you won't achieve much in your life. However, many things are easier said than done. Everyone is subjective and slightly biased. We need to resist this thinking and remain as objective as possible.
Bitcoin continued to fall yesterday with Mentougou and the adjustment of the US stock market sentiment at night. It fell to around 58,000 in one go at 4 a.m., but then immediately recovered above the 60,000 mark and has now returned to around 61,000.
At the weekly level, if it recovers above 63,000 this week, then the weekly level will complete the pin-in behavior this week, which means that around 58,000 is the support position under the strong consensus of the market, so that the market level at least has expectations in mind.
At the 4-hour level, it is currently in the oversold rebound stage. It is necessary to continue to judge the support of the 4-hour level. It is estimated that it will continue to adjust or fluctuate repeatedly.
However, I have said before that the cottage basically cannot fall. The decline of Bitcoin last night did not lead to the collapse of the cottage. Since this wave of decline since April, the cottage has continued to fall and adjust for more than two months, basically reaching the bottom, so after the market stabilizes, the cottage will usher in a rebound, so wait and see.
0.005u Dog can’t actually fall much further, The actual circulating volume is small + The average holding cost has increased The biggest question is, Can you survive the long sideways trend? Make a bad plan, Can you survive 3-6 months at this price? If not, it’s better to sell it as soon as possible.
The market liquidity is indeed weak. For institutions, their returns are still very high even at the current price. Moreover, they are likely to hedge through contracts at high levels. The bottom of the altcoin is still unknown. It is more likely that Bitcoin will lead the market to complete the last drop.
For altcoins with technology and ecology, they will rebound greatly when the market improves.
Once Bitcoin goes up, it will be smashed down. At present, some miners may be smashing the market, because at the current price, some small miners are difficult to survive. In fact, according to common sense, the time should not be delayed until now. Some unqualified or outdated miners should have been cleared long ago. However, due to the BRC20 and RUNEs protocols, the on-chain handling fees were relatively optimistic some time ago, so the cycle was inadvertently extended.
When the miners are cleared and the new hash power begins to grow, the market will rise again and sprint towards 100,000 US dollars. I estimate that Bitcoin will end the adjustment in July, and then gradually start to rise.
At the current stage, Bitcoin is adjusting, and we must keep an eye on the daily level. Only when the daily level stabilizes, the market will really explode.
When the market adjusts, it is also the best opportunity to get on board again. Of course, you need to have your own judgment on the future trend. For example, you may think which track is good, and then look for the leader of this track. If the valuation is reasonable, you can consider laying out slowly. If there is no suitable target, you might as well wait patiently. There will definitely be opportunities.
In terms of altcoins, most altcoins have fallen significantly, and the prices of some altcoins are constantly hitting new lows. The trend is still a two-tier differentiation, and the profit effect is very poor. It is even more difficult for contract players.
From 12 o'clock last night to now, the top coins with capital inflows can be paid special attention to. They may take the lead in leading a rebound trend in the future.
ORDI price fell and hit the lower edge of the oscillation range we drew, then formed a rebound. Next, it will oscillate and accumulate strength within this oscillation range. You can buy it at a low point. If it falls below the oscillation range, it will look for support near 30.
Will there be a long period of adjustment? It would be a good opportunity to find high-quality counterfeit goods!
Another anniversary is born in the currency circle, 618 Altcoin Good Friday. Today, many altcoins have fallen by more than 20%. Added to the continuous declines in the past few days, the general decline of altcoins on the market in the past ten days should be more than 40%. , and from the peak of the altcoin market around March 13 in this bull market to the present, the general correction rate of altcoins should be around 60-70%. This level of tragedy is basically the same as that of the bear market, but the current market is generally not We believe that we have reached a bear market now. This is because the two big brothers, Bitcoin and Ethereum, have not completed the bear market pattern. We can’t even see how bad the market is now from the daily line of the pie, even from the high point on March 13 The largest correction has only been about 20%, or even only a 10% drop based on the current price. Although ETH has been criticized for its trend in the past six months, the largest drop from the high of 4093 is less than 30%. Calculated based on the current price, the decline is only 15%. The trend of other mainstream assets such as bnb sol is also the same. It can be seen that the mainstream market has no intention of ending the bull market, but there are differences in the degree of recognition of mainstream and copycat funds.
When the market is in a state of shock and bottom (trend not started), and when the market forms consistency, the market will definitely educate people, and will break this consistency repeatedly. Only in the process of fud will the market have a chance to open up.
Then when people react, they begin to slowly form consistency, and the market also pulls very fast. After the double helix, when universal consistency is formed (frenzy), it is the most dangerous time in the market, and you must run.
ORDI fell sharply last week and basically returned to the level before liberation. Is this another opportunity to buy at the bottom, or will it be difficult to recover after this fall?
LPT is bought in batches at the current price, and the stop profit is 25-27
LPT is a fast rise and slow fall, and there are only a few means of washing the market, and at most it will cooperate with the market to make a huge spike.
When the overall market is not doing well, altcoins usually fall along with the mainstream. However, BTC shows signs of stabilization, which may provide a turning point for the meme sector. Meme coins usually do not rely on narratives or ecosystems, but on community consensus and participation. When retail investors increase and big money starts to flow into meme coins, these coins tend to rise in price. Pay attention to people, pepe, bonk, bome, doge, shib and meme, etc.