The market is back to the starting point. The long and short positions are liquidated with 110 million yuan each accounting for half. After careful consideration, this liquidation is relatively reasonable, and there is no one-sided trend.
This also shows that the market sentiment has changed, but it is not firm enough.
The three-month-long rebound and decline cannot be reversed in one go.
Bitcoin is at a critical position, it can go up or down
Although it is still unclear, such a volatile market is the most beneficial for investors.
Because the trend is still brewing, if you catch the last train, you can grasp the subsequent market conditions.
Bitcoin has been trading at $65,000 for a week. Although it has not fallen below, the short position has not weakened.
The rebound in the middle was also repeatedly frustrated, and it was ruthlessly suppressed when it reached 66,000 US dollars.
This shows how bloody the air battle is with 65,000-66,000 US dollars.
From the perspective of naked K, the body of the Yin line is getting smaller, and the price has not broken the previous low, indicating that the bears are still showing signs of weakness.
This year's market is very difficult to trade in the long, medium and short term, because sometimes the technicals suggest it will rise or fall, but the market turns out to be the opposite.
Anyone who is weak-willed and impatient will feel hopeless. The more frequent the operation, the more losses they will suffer.
It is easy to lose the principal, but to earn it back you have to pay several times the price.
For example, in this wave of falling market, if you have a principal of 100,000, the currency you have now has a loss of 20%, which is 80,000; if you want to recover your capital, that is, to increase it from 80,000 to 100,000, you cannot do it by earning 20%, because earning 20% is only 96,000.
Besides, under normal circumstances, people tend to think that the more they lose, the less they should move, because they will eventually make money if they hold on.
This principle is feasible only if you buy the right value coins. If you buy coins that you don’t understand and don’t do in-depth research on, and buy based on news, then this kind of falling market will make your mentality explode sooner or later.
There may be a glimmer of hope for idle money, but if it is money from loans or borrowings, it will be very difficult to say if it encounters this market situation.
This market is complex and changeable. The key to making money is not to buy the right coin, but whether you have the ability and method to make money.
Without this foundation, it would be extremely difficult for you to rely on the cryptocurrency world to help you achieve your goal.
The market that can make money is always hidden in the crisis. Without crisis, there will be no big opportunities. The world is fair. Resources will only be poured into those who create value for society.
The market is very complicated, but the six poisons of human nature: greed, anger, ignorance, arrogance, doubt, and greed are even more terrible.
Don’t think about being above the market, and don’t try to pursue the ultimate entry and exit points, because everything will turn into the opposite when it reaches its extreme. Ambiguous correctness is the core of long-term profit.
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