Did you make money in this bull market? Trading cryptocurrencies requires skill! The 'sharp rises and falls' scared many traders into either cutting losses or getting liquidated, and the coins in hand are dwindling. Buying low and selling high, or selling low and buying high—one guarantees profit while the other guarantees losses. Will we continue to be cut and liquidated?
So, what will the market do next? Is the bull market still here? The article yesterday already provided the answer (after 1 million liquidations, Bitcoin will hit new highs! After the sharp decline, altcoins will fight back! Dogecoin rises 50% against the trend! An epic surge is coming!). The market does not show signs of collapsing; it has stabilized. I believe this time it's a slow bull market, not as fast as the rise in 2023, nor the double peak structure of 2021. The main players will always change their strategies compared to the previous bull market, focusing on unexpected moves.
Currently, Bitcoin is hovering around 97,000. From the current candlestick chart, we can see a pattern of three steps forward and two and a half steps back. Basically, anyone chasing highs with leverage will lose money. Spot trading is always worry-free. Today's market analysis shows a downtrend on the daily level, with a resistance level at 99,500 and a support level at 95,000 USD. (Note: From a smaller timeframe perspective, it’s important not to break below the low of 92,233, which indicates that the structure has completed and a bottom may be forming.)
Regarding altcoins: a familiar script, Bitcoin has still played a supportive role in this wave of retreat, covering for its altcoin brothers. The current executable strategy is just to ensure your survival.
I am trading on the swings and short-term, and I am also taking advantage of retracements. For friends doing intraday trades, isn't now the best buying point?
For friends who are not in the know, if the above image is unclear, the profits are up to your own decisions. I’ve also helped my brothers regain some losses in the past two days; 'emotions determine price, while value determines direction.'
If you want to profit from altcoins, you have to endure their volatility if you missed out. Gains and losses come from the same source! When the market is in panic, many people are actually unable to listen, and there’s no rational thinking or judgment. Some things you say too much are pointless, and some people you try to explain to won’t understand.
In the end, trading cryptocurrencies is all about mindset!
Many people want to buy spot and catch the bottom, but this is very difficult! During declines, plan your positions and distribute your investments to lower your average price and avoid missing out! Have faith in this market. Good results will come!
usual, zen, pnut, btc, move, sol, eth, doge, ena, sui, virtual, apt, mnt, pepe, uni, ada, vet, pepe, bgb short-term has all stabilized. Those who have entered should not make any sudden moves. The coming month will see a crazy surge. I will inform my brothers when we approach the peak; wait for my signal!
