December 21, 2024

Yesterday, everyone experienced the first plunge since this round of bull market. Unlike the declines on the 6th and 10th, yesterday's decline time and magnitude reached the psychological limit of investors, and ETH's maximum decline in more than a day was close to 20%. Combined with the collapse of the cottage, it is obvious that a large number of panic orders were killed.

Yesterday, I also reminded on 币安专属聊天群 that there is no need to sell coins when the market falls so much, and the emergence of such panic chips is also a signal of the market's staged lows. Those who reduce their positions at high levels can buy the bottom in batches. Yesterday, many people left messages to thank me, saying that they avoided this big drop based on my risk warnings. In fact, I think they should applaud their brave reduction of positions.

Price fluctuations always give us the most direct emotional response. Restraining greed and selling, and enduring fear and buying at low levels are both anti-human things. I think that for most people, being able to leave the market in batches when the market is crazy and buying the bottom one after another when the market is panicking can exceed 90% of people.

How will the market go next? First of all, the stage bottom is basically formed. At present, it is rebounding from oversold. I think the price of Bread will go above 100,000 and continue to pull up the market. Then, in the next few days, it will go down and bottom out again at a low level. This is a regular trend, so those who buy the bottom can reduce their positions first, and those who don't buy the bottom can also reduce their positions gradually. Of course, the bull market is still there, and the second bottom is just based on experience. If it does not appear, the current reduction of positions should be prepared for long-term profit-taking.

Thank you for your attention and likes.