Let’s talk about the current trend and get the spot:
Although the halving market has not yet arrived, we don’t need to worry too much. The recent sharp decline is mainly due to the fact that U.S. Treasury bonds have made more money, everyone is worried about inflation, and the Federal Reserve may not cut interest rates anymore, which has made investors a little panicked. Coupled with the reduced demand for exchange-traded funds, the market sold more and prices fell.
Looking at the current market trend, it is a bit like last June and July. The price first rises to a high point, then falls, and then rises again to test the previous support point, but this time the rise is not as strong as before.
The situation for the bulls is not good now. The previous rhythm of pulling up, adjusting, and pulling up again has been disrupted. Originally, when the price stood firm at 68,000, it seemed that the bulls were very strong, but then the price fell below the important position, and the second surge ended. Now the market is testing the previous low.
If the price can drop slightly around 60,000 and then rise back, and stabilize at the bottom for a period of time, then this is a good opportunity to buy at the bottom. But the recent market signals are not very good. If the data on Friday is good, it will rebound, so wait a little longer and don't rush into the market.
In the short term, the price has broken through the important support line, and the market has changed from strong to volatile. Now the price has reached a critical position. If the 200-day moving average at the 4-hour level holds, there will be a rebound. But 69,000 is now a difficult point to break through. Unless it breaks through, the market may continue to fluctuate.
In general, although the market will still rise in the long term, you still have to be careful in the short term. You must seize the opportunity to enter the spot market, especially when the price drops slightly and then rebounds. The market has not yet completely stabilized, so we can only wait for more obvious signals to appear before taking action. The key support level is between 63,000-60,000. As long as this price does not break, it is considered a normal adjustment.
Spot password recommendation:
AXL current price 1.7U
Wormhole W is online. A big project is a big project. Once it is online, the market value will be 2.5 billion, and the FDV will be about 15 billion US dollars.
However, AXL's current circulating market value is only US$1 billion, and FDV's is US$2 billion.
In comparison, AXL's technology is not bad, and its market value is relatively low.
AXL has been washed out for a long time after being listed on Binance. I think it’s about time. The current price is 1.7U, you can buy it!
LPT
1. Buying point: Buy in batches from 13-16.
2. Short-term target is around 19.8 (about 34% increase), medium- and long-term target is around 29.5 (about 103% increase)
3. The structural damage plan retreat point is 11, and look for another opportunity to buy.
4. Meet the recommended conditions: technical form, whale base, selling pressure, news, etc.
AVAX
1. Buying point: Buy in batches at 42-46.
2. The short-term target is near 54 (about 22.7% increase), and the medium and long-term target is near 68.5 (about 55.6% increase)
3. Structural damage plan retreat point 37.5, look for opportunities to buy again.
4. Meet the recommendation conditions: technical pattern, whale bottoming, selling pressure, news, etc.
It is normal to make local time adjustments in the bull market structure, but looking back at historical cycles, it is often the case that after the bull market ends, mid- and long-term players have a greater advantage, and 80% of short-term players cannot make money. In the short term, you may be able to avoid some declines, but if the time line is extended, there is only one way to miss the opportunity. This round of bull market is different from the previous ones. In the previous rounds, you just had to enter the market and wait for takeoff. If you choose the wrong project this time, it is basically hopeless. After going up a bit, the market will fall back to the starting point as soon as it pulls back. Therefore, the importance of changing positions is highlighted. You must make position adjustments when you observe that the market is different from before, and you must take the opportunity to eliminate the weak and keep the strong when the market collectively falls.
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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