Brothers, this is incredible. The SEC has ended its investigation into Auntie, which means that the SEC will no longer classify Auntie as a security but will position it as a commodity with investment and trading attributes.
At the same time, the issuer of the Yitai Spot ETF also received a notice from the SEC, requiring it to submit a revised S-1 form this Friday. So far, the listing of the Yitai Spot ETF has made substantial progress.
Influenced by these two good news, Yitai started a round of rebound in the early trading and led Dabing and a number of copycats to regain yesterday's lost ground.
The rebound of the market always brings good mood to the market, but do you think that such a rebound is the clarion call for the counterattack of the bulls? Tangren can only say that you think too much.
From a macro perspective, the current liquidity in the circle is very poor. On the one hand, the European Cup is in full swing, and this period will definitely absorb a large part of the funds for event guessing. On the other hand, the U.S. stock market has broken through historical highs and the market sentiment has been ignited, which will absorb some funds. In addition, the recent selling pressure from miners and other factors have been superimposed.
It is difficult for the market to achieve significant results in the short term. The market fatigue can be seen from yesterday's Bitcoin ETF spot inflow data. Yesterday, the ETF had a net inflow of US$152 million, and Grayscale had an outflow of US$62.33 million. This is the sixth consecutive day that the ETF has experienced a net outflow.
At this time, it is estimated that the altcoin still needs further consolidation. Every time the market falls back, the altcoin falls the most. Often at this time, opportunities emerge. Therefore, the more it falls, the more you cannot be timid. You must plan your positions well. If you dare not collect low-priced chips, do you have to wait for a sharp rise before chasing highs?
No matter when, investment emphasizes cost-effectiveness. Don’t always think about buying at the bottom. There is never a bottom in the market. Most people who want to buy at the bottom buy at the top of the mountain. Therefore, what we have to do is to enter the market when the cost-effectiveness is good, and then hold the currency in a Buddhist way.
As for what Buddhist currency holding is, I saw a very good explanation on the Internet today. I attached a picture for your encouragement.
Finally, back to the core, in the bull market, what to buy? How to buy? It is very important, but when to sell is more important. If you want to know more about the market interpretation and strategy, add a follow, find Tangren, and play in the crypto circle together.
Tangren interprets the market
Big Pie: As predicted in the morning, the market is not rising, and it has been fluctuating in the range of 65000-66000. The market trend is relatively weak in the four-hour chart. In fact, it has reached a relative bottom position in the daily chart. However, it will take time to confirm whether the market will reverse. The current market will still be dominated by fluctuations. The upper pressure is 66800 and the support is 64050.
Auntie: The overall market trend during the day was a wave of highs and then fell back. The good thing is that the decline is not large. The four-hour line shows an upward trend. It mainly depends on whether it can reach above 3650 at night. If it can stand above 3650, the short-term correction market will basically come to an end. The upper pressure level is 3650 and the support level is 3450.
For the copycat sector: there are signs of an oversold rebound. Today, the L2 sector still has the largest increase, and other sectors do not have a strong desire to rebound, which means that retail investors are not willing to buy the seemingly low-priced chips now, and the technical side of the market has not shown a rebound trend. It is mainly a wait-and-see approach for the time being. The sector can continue to pay attention to the MEME and Ethereum ecosystem.
Tangren Talks Strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared with everyone in a timely manner. Therefore, you can read the introduction on the homepage of the article to find Tangren and send a message to receive it.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
