During the correction in March, many people have been priced out of the market. The recent correction has made more people unable to bear it any longer, and more people have begun to cut their flesh. The reason is that many people are afraid that this time it will fall sharply, that it will fall even more sharply than in March, and that the market will fall sharply before the pie is halved. I really think there is nothing to worry about. Many people have seen the correction in the past two days and panicked when they saw short-term fluctuations. But calm down and take a good look at the market. The decline has shrunk in the past few days, and it has not yet fallen below the lowest point on March 20. What is there to worry about?
Many people are afraid because they don't know how to analyze the market and watch it for 15 minutes, 1 hour, or 4 hours. When they see a drop, they get scared. However, it is necessary to look at the overall situation and the cycle. The current decline is just a shock callback after the decline stopped. In fact, many currencies stopped falling in mid-March and are now in a stage of shock and accumulation.
Let’s take ARB’s 4-hour market as an example. After experiencing a long and clear decline in 4 hours, although the nearly three K-lines are falling in heavy volume, the extent of breaking new lows is getting smaller and smaller. At the same time, the lower shadow line is getting longer and longer, and it has reached an important support level. Obviously, ARB's current decline is just a short-selling move.
Judging from the 4-hour chart, ARB is likely to stop falling, and after the 4-hour decline stops, it will trigger a daily trend. Therefore, if you don't know how to read the market, and always wait for a big drop when you see a drop, you will panic and miss the best opportunity. If you wait for the price to rise, you will be trapped again. In this way, your funds will continue to shrink, and you will watch the price rise higher and higher.
Today is only April 2, and the second quarter of 2024 has just begun. I believe April will surprise those who are prepared, and at the same time catch those who are not prepared by surprise.
Recommend a few spot labels:
1: ROSE current quotation: The spot price is in the range of 0.124 - 0.114. This position is almost the volume range of consolidation and shock before the last wave of rise. The spot price can ambush a wave with an expected increase of more than 25%!
2: FIL current quotation: 8.79-8.3 range to open a position and enter the market. The lower position can be placed in the 7.95-7.6 range fil. This wave of retracement is also a good Buy opportunity, and Grayscale Fund has been increasing its holdings, increasing its holdings in March. I have obtained 53W fils, of which 41.7W cost is around 9.3u. The increase in holdings is very rapid. The spot can be ambush and wait for a wave of tailwinds, which is expected to increase by more than 30%!
3: ID current quotation: 0.879u. Spot positions at this position can also be opened in batches. It is almost the same position range that accelerated the rise in the previous wave. It is also near the cost of many people. If this position is defended, the profit in the upper space will be quite considerable. Open a position in the range of 0.917-0.85 and cover the position in the range of 0.68-0.75. The expected increase is more than 50%!
4: AEVO is currently 2.92u. It is a new project in the derivatives sector. The investment institutions behind it are very strong. After listing on Binance, some institutions continued to absorb chips at 2-2.5u. It was pulled up to 3.9 a few days ago. In the past few days, it has been adjusted back to 2.8 with BTC. It can be clearly seen that the dealer is unwilling to let the price fall back to their cost range. Today, the price of the currency has stabilized. It is recommended to get on board.
Mainstream currency analysis:
BNB: BNB is currently linked to the falling market, and the market trend is mainly linked to the broader market.
SOL: SOL's short-term correction market should be dominated by shocks and downward movements in the near future.
DOGE: The dogs are running amok again, and this wave of corrections will continue.
DOT: The correction continues. Polkadot feels like it will go back to $4 during this correction.
BSV: SV’s correction will continue, and the next position will be $60.
AR: This wave of AR’s correction will continue to drop, and the next level will fall below $29. It’s not surprising that this wave will reach $10.
OP: OP is currently continuing to pull back, and the price will continue to fall in the future.
LTC: From a four-hour perspective, a new upward trend has emerged. The middle rail of the Bollinger Track has a certain pressure. However, the Bollinger Track has just closed, is in a volatile market, and has increased in volume, so the pressure on the middle rail will be Much smaller. The entire four hours is an upward trend, the high and low points are gradually moving upward, and the price has not broken the previous low. Today, all currencies are correcting, and it has not corrected, indicating that it is very strong, so the next market will most likely be Continue to rise.
Summary: The market is still in the correction stage. Although there has been a large rebound recently, the general trend has not changed after all. The subsequent market trend will most likely be a volatile downward trend.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
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