Today's market once again fell below the market's psychological bottom line.
The GTI has reached 29, entering the extreme panic zone.
The famous idiot theory was played out today. Bearish and fearful people were frantically selling their stocks for fear that if they walked too slowly, the market would fall.
Those who are bullish believe that a drop in the price is a great opportunity to buy at the bottom. The fundamentals of cryptocurrencies have not changed, and now is a good time to enter the market.
So, some people bought, some bought, they smiled at each other, and threw money to each other.
Who is right and who is wrong? It is impossible to predict the future, but from a probability perspective, those who cut their losses now are destined to become real money losers.
As mentioned above, the fundamentals of cryptocurrencies have not deteriorated. The market decline was affected by news rather than the result of free market competition.
Today many of my friends left me messages telling me that they couldn’t take it anymore and asked me whether they wanted to cut their losses?
Whether it is Bitcoin or altcoins, they have already fallen to this level, and there is no need to sell the remaining stocks at a loss.
It is better to wait a while. At least in this bull market, it will be no problem for you to get your money back or even double it. But it does look a bit miserable now, with most of the profits being cut in half or more.
You should be more calm at this time, and don't think about making crazy operations. The market is already like this, no matter what you do, it will be useless. It is better to lie down.
If you have a position, continue to buy at the bottom. If you don’t have a position, pay less attention to the cryptocurrency circle and return to reality to enjoy life.
Wait for the market to recover and just read Thirteen's articles every day. If Thirteen says that the bull market has started, you come back and you will find that the numbers in your account look so beautiful.
2，
Where is the bottom of this round of decline?
Today, I will talk to you from the perspective of miners. Remember in the last bear market, I told you in the article that the bottom of this bear market might be 15,000.
Of course, other factors were also taken into consideration.
Now, referring to the global average electricity price, the shutdown price for the entire miner group is $52,000.
If the price is lower than this, miners will lose money if they start up the machines.
Of course, for some large miners now, the average shutdown price after updating their equipment is 45,000 US dollars. This is the result of cost reduction and efficiency improvement unique to large miners and is for reference only.
Therefore, we can roughly infer that the bottom range of this round of market may be between 50,000 and 52,000.
If it falls below 52,000, enter the market boldly without any hesitation. At least Thirteen will do so, and may even double the leverage. You can refer to it carefully based on your actual situation.
What to do if it falls below 50,000? The same two words: lie flat.
Below 50,000, it is basically beyond the cognitive range of Thirteen, and it is possible that it will reach a pin, but the possibility of maintaining this price for a long time is relatively small.
Now big miners are frantically increasing computing power and deploying Bitcoin mining machines. Why?
With the current market situation, why are they still increasing computing power? Maybe they see a different view from us.
We only see the risk of a current market crash, while they see the bright future of Bitcoin.
Friends of Thirteen Circles have bought a lot of stocks at the bottom today. When you dare not enter, Thirteen will tell you that you can enter at this position. This is the value of Thirteen Circles.
Even if the market continues to fall back, we have a plan to deal with it. Friends who are interested are welcome to join Circle Thirteen.
3，
The non-farm data came out tonight. It was neither good nor bad, and basically in line with expectations.
This news is good news in the context of a plummeting market.
Therefore, the evening market started a small rebound, but it has now been digested by the market, and we still have to withstand the selling pressure from the market.
Most of today's selling pressure came from Mentougou. Previously, Shisan thought that these creditors would choose to hold the Bitcoin for a long time after receiving it, but it seems that his judgment was wrong.
The current economic situation is not good, and suddenly there is a fortune in front of you, and cashing out is a normal choice.
In addition, the German government is also continuously selling, which has put great pressure on the market.
It is unknown why the government chose to sell at this time, but some lawmakers have already criticized the government's approach, saying that selling Bitcoin is short-sighted and that many countries have already regarded Bitcoin as a new type of strategic reserve.
Choosing to sell at this time is an extremely stupid behavior.
Perhaps Sun Ge was motivated by justice and also wanted to take advantage of the popularity by expressing his willingness to purchase all the bitcoins held by the German government off-market.
Although it is unlikely, Sun Ge is still concerned about the cryptocurrency circle.
Now the selling pressure from Mentougou and the German government is still continuing. Germany has only sold more than 7,000 bitcoins in total. Including today's selling pressure, there are probably nearly 40,000 bitcoins left.
horrible.
However, when the market falls to a certain level, someone will come in to take over, such as the bigwigs on Wall Street.
They have already started to move and have begun to hoard stablecoins. Once they start buying, it will be very easy to digest the selling pressure.
They are still waiting and watching, and will decisively enter the market when the sell-off in Germany and Mentougou reaches its peak.
The entry point is most likely in the price range of 50,000 to 52,000.
At that time, Thirteen Circles will give you specific operation points. Welcome to follow Thirteen Circles.
4，
Finally, let me recharge your faith.
In the short term, our assets have indeed suffered huge losses, but this is the cryptocurrency world. How can there be an increase without a decrease?
Risks come from rising prices, and opportunities come from falling prices.
The key is to see if the long-term trend has gone bad. Some people say, look, the 200-day moving average has been broken, isn’t it a bear market now?
There are actually two views on this line. One view is that it is a bear market and you should sell it quickly.
One is a signal to enter the market to pick the bottom.
Thirteen believes that the current market situation belongs to the second type. There has never been a bear market after each round of Bitcoin halving.
And now the macro-economy requires economic recovery.
The interest rate hike cycle has ended, and the interest rate cut cycle is bound to come, whether it is September or October, it will come sooner or later.
The US President's choice is trying hard to attract the cryptocurrency investment group, and good news is constantly being released, so we can see that the Ethereum ETF was suddenly passed without any warning.
This is the charm of politics. Behind all the high-sounding words are interests and power.
When we know that the bull market is the general trend, the current decline may be the accumulation of momentum for the market to take off.
The harder the fall, the more violent the future rise will be.
All we have to do is make sure we are on board when the market takes off.
If you get off the bus, you will lose this round of wealth opportunity.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
