We have discussed the market before and after the halving. There will definitely be panic trading. Now, as expected, the market has indeed fluctuated. But I think this is a good time to make a layout. Although the macro war and the Fed's interest rate cut policy have led to insufficient ETF funds, we can still look forward to the power of Hong Kong ETFs.
The worst outcome for the market is around 50,000. After the halving, the mining cost of miners is more than 50,000. Even if 60,000 is broken, it will not fall too deep. The corresponding range of 58,000-55,000 is what everyone often calls the last chance to get on board.
In the following operation, you must keep 3 layers of positions to hedge risks and pick up bloody chips. Rising is a risk, falling is an opportunity, provided that the big bull market cycle has not ended. There is no need to worry about the current market. If you have funds, buy the bottom and invest regularly. If you don’t have funds, hold positions and wait. Rising is a risk, falling is an opportunity. I have said this point in the group and in previous articles.
When the price was rising, everyone was chasing high prices, asking if they could buy this or that. Now that it has fallen, the position is better and the chips are lower. Some high-quality coins have fallen by 50% or even 70% compared to the highest point. This is equivalent to buying coins at 30-50% off. Isn't it cost-effective? Why don't you dare to buy? Just build positions in batches and sell them out.
If Bitcoin can hold 60,000 now, it will bottom out. If you don’t buy it now, wait for it to go up and continue to chase higher? If it can’t hold 60,000 and another big negative line hits the bottom, will it be a good opportunity to add to your position?
After so many years in the cryptocurrency circle, I have never seen many people get rich overnight. Those who really make big money are those who grab potential coins and hundred-fold coins at the bottom of the bear market, hold them for a long time, and sell them in the bull market.
There is no secret to wealth, but few people are willing to get rich slowly. There are many reasons for losing money in the cryptocurrency circle. In the bull market, people frequently switch between long and short positions, play with high multiples, buy options randomly, and live towards death. Newcomers to this market must not touch contracts. If you make money, you must withdraw it, because you don’t know when another 312 or 519 will come.
Get rid of high leverage, get rid of frequent transactions, learn to withdraw part of the money you make, and cherish the bull market that God has given you. Most people don’t make money by their own ability, but just happen to get rich passively in this cycle. Buy more when the market drops sharply, and buy less when the market drops slightly. However, you must control your position well. No matter how deep the retracement is this time, you cannot let a single position be too heavy and leave yourself no room for error.
Hold on to your coins and wait for them to rise, and live towards death!
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together.
