October 14, 2024

Market sentiment is a very strange thing. Yesterday I said that the market might turn to rise after being sideways for a long time. I didn't expect that there would be a small rise today. Bitcoin returned to the pressure zone of 65,000, and Ethereum also stood firmly at 2,500. Of course, although I said yesterday that I could open a position, I didn't do it. The reason is that the market sentiment is something that is unclear and intangible. It always feels unreliable to place orders vaguely. In fact, it is very likely that you will be right this time and wrong next time. If you rely on this to open an order, you must be prepared for the market direction.

When I buy a coin, I usually do a fundamental analysis or have a mental estimate of the price and market value, so that I can feel more confident when buying. But in fact, this does not necessarily make money, especially since the path of value investing in the coin circle is tortuous, and even the so-called "value" data may decline in an instant, causing changes in the fundamentals of the project. Even so, I still recommend summarizing your own investment system, constantly improving and refining it, as long as you can improve your winning rate a little, you can get considerable returns in your long investment career.

Back to the market, this wave of market rebound is indeed a bit unexpected, but the pressure of 65,000 is still there, so I think we should try to break through again in the short term, but this pressure is actually heavy pressure. Considering the main intention of the contract market, there may be a false breakthrough. In this wave of market, the amount of liquidation is 180 million, which is not large in scale. It is just that the long-term sideways movement has caused the market to begin to seek higher volatility through contracts. I think we should not rush. If we look at the long term, the current spot price is not bad, especially Ethereum, which still has a lot of room to reach the ideal target price of the bull market.

The current market is basically fluctuating at the bottom, but we want to keep some positions to wait for the last big drop. For example, after the high pressure of the US dollar, there will often be a black swan event, and the uncertainty of the election is superimposed. Normally, there is a capital battle, and then some unstable factors appear, causing liquidity shortages. However, since the general direction has been determined and it is currently at the bottom, the core of the entanglement is how much to buy, not whether to buy, this is the biggest difference.

Thank you for your attention and likes.