BTC fell sharply in the past two days. More than 160,000 people liquidated their positions, and the liquidation amount exceeded US$560 million. The mainstream liquidation caused many people to flock to MEME. The new currency BOME on the SOL chain attracted everyone's attention. The pre-sale 1 SOL rose to 1 million US dollars in three days. Just like PEPE and SHIB back then, the enviable money-making effect gave harvesters an opportunity. There are more than 300 new projects online in these days. That is to say, when they run away, it is more like a Pixiu plate. The money rushes in but cannot be sold.
The few MEMEs that came out are very distinctive, such as IQ50. The introduction reads: It is said that people with an IQ of 50 will make a lot of money, but those who work hard to analyze will get nothing. The old wolf will laugh knowingly, whether it is 17 In 2021 and still now, what I hear most is that if you want to make money, close your eyes.
This is actually a question of profit-loss ratio and probability. How much risk you want to make depends on how much risk you have to take, but losses are limited, and profit potential is unlimited. Lao Lang knows most people who can hold coins, and he has no shortage of them. Money, so he is willing to lose, and naturally he can hold on to it. For example, an old classmate bought BTC on Taobao in 2013. He said that this thing will surpass the US dollar in the future, so he brought the old wolf into the trap and started using his old computer. After digging, the computer started to smoke in the end, so he sold the parts and bought BTC. Later, Lao Lang asked him, why didn't he sell all the coins? He said he didn't know the price had risen so much at the beginning. Later, he didn't know when it would be better to sell, so he simply sold a little when he was short of money. Later I found out that he was merciless just in collecting rent from the shops. He was rarely short of money.
What also impressed Lao Lang was that at the beginning of 2020, when BN had just experienced the 312 cut in half, BN launched a node activity. At that time, if you wanted to do fee rebates, you had to pledge nearly 20,000 units of BNB, and it was not until a few years later that it was fully released. Open, nodes can refund a lot of handling fees. Laolang is very sensitive to handling fees. He thought that he could return it himself, so he bought BNB and pledged it and ignored it. In 2020, Laolang invested heavily in BTC and was busy with other things. He didn’t watch it for about half a year. In the market, in 2021, when I saw the circle of friends, they were all saying that BNB had skyrocketed. When Lao Lang opened this account again, he was shocked. Counting the handling fees, the price was about 30 times. In that big bull market, everyone made a lot of money, but This is a mainstream currency. Lao Lang expected it to be about 5-7 times, but he never expected it to be so much.
So Lao Lang is very grateful to BN, as profits and losses come from the same source. The same 20,000 U was lost when FTX went bankrupt. Whether it is Lao Lang or more examples of people making money, the first impression everyone hears is good luck, but Lao Lang has thought deeply that if BNB is placed in Lao Lang’s regular account, or if the old classmate is short of money, he will not be able to make money at all. The core point of making this money is to let profits run.
The so-called IQ50 is not to make yourself more stupid, but to control losses, ignore profits, and make the profit-loss ratio reach an extreme. What is more important is how to reduce risks. For example, an old classmate holds BTC, and Lao Lang knows more people. , holding EOS, BTS, AAVE, it is difficult to beat U, not to mention a bunch of zero coins that have been removed from the shelves, BOME has been very popular these days, ask yourself, how many people can hold BOME for more than 5 years? Woolen cloth?
Therefore, Lao Lang feels that whether it is leverage or spot, in terms of trading, they are essentially the same, but the difference is the profit-loss ratio and probability.
BTC:
BTC pulled back the 5-day line and the top of the hourly line lowered, indicating that it is facing resistance and selling pressure. The upper US$69,196 is the key point of the M head formed on March 13. Only when the volume exceeds US$69,196 will it further rise and strengthen. Next, BTC will rise higher and stronger. The pin fell back to $69,196.
Resistance levels: 69196, 70355, 71562
Support levels: 65667, 64362, 63123
ETH:
Several large amounts of ETH were transferred to Coinbase, which exerted expected selling pressure on ETH. ETH bottomed out along the 5-day line, and $3,712 above it is the key point of the resistance line. Only by standing firm at $3,712 can it further rise and strengthen. Then ETH peaked at $3,712 and fell back.
Resistance levels: 3712, 3828, 3934
Support levels: 3485, 3326, 3217