Bitcoin has been fluctuating for nearly three months. This fluctuation is different from the past. This fluctuation is after a sharp rise and breaking the historical high.
It makes people worry whether Bitcoin has reached its peak. If it reaches its peak and then falls sharply, the copycat industry will inevitably suffer a bloodbath.
If we invest based on news, and see a point of view, we buy at the bottom when others say it will rise, and we are afraid to sell when others say it will fall, then we will inevitably lose money.
Therefore, when we come to the cryptocurrency market, we must have the ability to make independent decisions and judgments.
This is also the basic ability of an investor.
Judging from the market, the K-line of Bitcoin since the week of March 11th confirmed that it would enter a volatile market in the future. At that time, our group also gave the follow-up direction
During this period, I have analyzed the weekly trend many times, and my view has always been: the probability of a big drop is very small (a big drop means that Bitcoin falls below 50,000)
The three and a half months of market conditions have already ended, and the market trend is the best verification
Many people will be influenced by the "herd effect" after entering the circle, that is, what others do, what most people do, and I do it this way.
Most people in this industry are non-professionals who do not understand technology or fundamentals. They listen to messages in various groups or follow orders, and then start to operate after summarizing them.
Many people see that they are like this, and so am I, so the results I get must be the results of 80% of people.
Looking back on the market over the past three months, have you ever been afraid of missing out when the market goes up, or worried about a sharp drop when the market goes down? Have you been constantly trading, worried every day, and ended up not making any money but losing money?
The herd mentality is the unconscious conformity to the crowd, following the masses in order to seek peace of mind, but most people in the financial field are always wrong and lose money.
Bitcoin's weekly chart did not look good last week, with a bearish engulfing candle. This week has not yet closed.
The long-term rising trend line ② has come down, which has a supporting role. The trend in the past two weeks is very critical.
Bitcoin's weak trend does not mean that other currencies are also strong
The trend of each currency is different. The market is like a relay race. No one can run all the time.
From the market, it is obvious that some previously popular currencies have shown signs of peaking, and there is little room for follow-up. It would only be a waste of time to invest in these currencies.
Some are accumulating strength at the bottom, and there are signs that the main force will start to take the lead in the second half of the year.
If you want to get good results in the second half of this year, choosing the right currency is the key
We have also taken advantage of the situation. The May Research Department has started research since 2021. The coins with high value potential are ready. We will make arrangements when the market opportunity arises.
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