Although the cryptocurrency market is currently very hot, I have always believed that even if Bitcoin breaks the 100,000 mark, there is very little space above. However, this does not mean that one can short Bitcoin; reaching the peak is also a long process.
#XRPUSDT The market is very lively, and the stop loss is also very fast, but the result of the loss is still necessary to practice! This market is very cruel
Bought SAND near 0.8 in the morning, it has tormented me for a long time without making a move, the market has entered a chaotic up and down fluctuation pattern, and the trading volume has also weakened, I can only wait for the next move.
I just like to buy those varieties that suddenly rise or fall against the trend, usually opening a position is accompanied by huge trading volume. GOAT, 0.6907, I originally invested quite a bit, but in the end, only 10% of my position was filled.
The short line $XRP intensity is a bit excessive, there are definitely some stubborn funds shorting, all being pulled painfully by the bulls, as soon as the bears start to exert power they get caught, the trading volume within the day has already surpassed Bitcoin, a great showdown between bulls and bears, will there be a surge to a peak, as the saying goes, while the bears do not die, the bulls do not stop.
Recently, Bitcoin's psychological barrier of 100,000 has been hard to break through, while ETH has taken the initiative, and XRP is also unable to bear the silence, going on a crazy rampage. In recent years, Bitcoin's trend has been particularly stable, making it difficult to see a repeat of the previous situations where altcoins caused a collapse. If Bitcoin actively leads the decline and drops by 20% in one day, what will happen to the altcoins?
The breakthrough of the 123 rule successfully lured the bulls into the market, then there was a significant drop in volume, and the bears quickly plummeted, reaching the target point of the bears in seconds.
These past two days I took my wife and kids out for a trip. Given that I saw Bitcoin, as well as altcoins like XLM, XRP, and DOGE entering a bullish phase, I judged that the daily market was entering a consolidation phase, so I didn't pay much attention to the market. During the day today, SHIB broke through 0.3 and showed increased volume. The short-term performance was stronger, and with the daily comparison showing a better opportunity than DOGE, I became lax with my stop-loss. I only realized I was passively conceding when there was a short-term drop in volume within 5 minutes. After the trip, I lost a lot and feel ashamed; if I had known, I wouldn't have checked the market. $SHIB