Brothers, it's nothing big. The recent market is nothing but a wash-out. Before the favorable factors such as the Auntie ETF, interest rate cuts, and the general election come into effect, the main theme is to wash the market and absorb chips.
Since the 618 discount day, the market has been in a bearish trend in the short and medium term. The reason why there has not been a huge plunge is that such a blunt knife-scratching trend is more torturous and makes it easier for leeks to hand over their chips in pain and despair.
Look at the trend in the past few days. It repeatedly rises by one or two points and then falls back by four or five points. Just when you think it is going to fall sharply, it rises again. When you think it is going to rise sharply, it falls slowly again, wearing out everyone's last bit of patience.
Overall, the copycat stocks have fallen back to the lows of mid-April. Even the strongest copycat leaders cannot withstand such a market cleansing. The weekly line has fallen below, and some targets have even fallen below the middle track of the monthly line. Tangren has emphasized before that opportunities come from falling. If we can't seize such falling opportunities, we can only stand guard when the big market comes.
The more depressed the market is now, the more violent the subsequent rebound will be. Yesterday, the Bitcoin ETF saw another net outflow, totaling US$139 million. There is no way the situation is stronger than people. The European Cup and US stocks sucked away liquidity, and even a strong ETF can only temporarily avoid the limelight.
External funds are on the sidelines, while projects within the industry are restless. Under such market conditions, VC projects continue to emerge in an endless stream. ZK was just launched the day before yesterday, LISTA came online yesterday, and the next big one, ZRO, will be launched soon.
Before the brothers who are on guard at ZK can catch their breath, big projects come one after another. The cow's udders are about to be squeezed flat. Brothers, you'd better not participate in these big VC projects. Although there will be good news in the short term, there will be no doubt that you will be cut by leeks in the long run. With the unlocking of huge amounts, the circulation volume will increase dramatically, and the end result will be a sharp drop to zero.
June is another month of huge amount of unlocking. Often the unlocking process leads to the emergence of new low prices. There are no bright spots in the market and good news is everywhere. What you need to do at this time is to wait patiently.
Back to the core, in a 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’s interpretation of the market
Pie: Pie's four-hour line continues to fall, and the daily line has broken the lowest level in the past month. The market trend during the day is very weak. The source of the continued decline in the market is still the current poor liquidity. The market has fallen for several consecutive days. The current market has not stopped falling for the time being. Continue to observe the 64000 position to stabilize. If it continues to fall below, it may start a new round of falling market. The upper pressure level is 66500 and the support level is 63050
Auntie: The market fluctuated around 3500 during the day, and the lowest price fell to 3447, but it was able to recover quickly after falling below it. The support at 3500 is still relatively strong. The current market will still fluctuate around 3500. The upper pressure level is 3600. The support level is 3450.
For the altcoins: There is no significant decline in the market. Except for a few coins that have fallen sharply, the overall market is still rising. The altcoins are basically at the point where they can no longer fall. Those with short positions can buy at the bottom, while those with heavy positions should hold on to the coins and wait for them to rise. Continue to pay attention to the MEME and SOL ecological sectors
Tangren Talks About 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.
