Hello everyone, I am Ahan. Recently, a potential vulnerability was exposed in the highly anticipated project Bigtime. After the news came out, the price of the currency fell sharply. Regarding this incident, if we carefully examine the currency wallets of the project party, no large-scale fund changes have been observed. Therefore, Ahan believes that the panic this time is mainly caused by the emotional out-of-control caused by emotional fluctuations in the secondary market. However, if the project party also starts to reduce its holdings, it may lead to a more unfavorable market outlook. Let us continue to pay close attention to this situation.
However, LOOM's performance has been relatively flat, and the holdings of the top ten addresses show that funds are being withdrawn. Given the current market sentiment, TRB seems likely to become the next altcoin to struggle to maintain price levels and decline in market capitalization index.
Under the pressure of big dealers to pursue profits, they had to sell in advance, causing the market to fall into chaos. However, the long-short confrontation in the Bitcoin market also led to insufficient liquidity, which forced the big dealers of altcoins to take action in advance.
Regarding the future trend of Bitcoin, whether it is about to start a new round of bottoming out or has already reached its peak, Ahan currently holds a conservative attitude.
This year's market trend is exactly the same as in 2019. Whenever it approaches support or resistance levels, the market seems to enter an endless sideways state. Lack of market liquidity is considered to be the main reason for the prolonged sideways cycle, while also increasing the uncertainty of the upcoming bull market.
As for those friends who have been shouting for the top, Ahan believes that when the bitcoin price breaks through $30,000, they may still stick to their previous views. If there is no subjective judgment of the market, but just blindly follow the market fluctuations, it will be very difficult to get satisfactory results.
In Ahan's opinion, when your emotions are in a good state but you cannot understand the market trend, it is best not to act rashly. He reminded everyone that they should start to consider how to layout the potential coins for next year. For large positions, Bitcoin and Ethereum should not be fully invested, but it is not advisable to increase positions blindly. In order to prepare for the possible sharp decline, we should keep some funds so that we can act decisively when the market is in extreme panic.
In this industry, it is crucial to have a good social circle, because without the right circle, no matter how hard you try, it may go to waste. It is very important to pay close attention to market trends and build valuable social networks.
If you have any questions about the above content, please feel free to ask me directly. As long as Ahan knows it, Ahan will tell you without reservation!
Thank you for reading, see you next time!
