BitEagle accurate market analysis 10.21

Yesterday, #btc impacted $30,000 and is currently undergoing a correction.

Another brother chatted privately and said that he was chasing the high and how much it would pull back to next.

This problem has happened more than once. If you dare not buy BTC when it falls, you will be trapped if you chase it when it rises.

From #链上数据

(1) There has been a certain inflow of stablecoins in the past few days, but there has been no continuous inflow after yesterday’s sharp rise.

(2) There are more BTC flowing out of exchanges, especially Binance. This is a good trend.

Yesterday's rise was due to Powell's speech that there is a high probability that there will be no interest rate hike in November.

However, after the good news broke out, it has been digested and lacks the power to continue to rise.

If you hold BTC, you don’t have to worry about a correction. It will always rise. However, it is recommended to invest at the 4-hour support level.

Avoid chasing the rise after every rise.

But if you can't overcome your fear and buy after falling, that's a problem.

Don’t be too optimistic, there is little market capital, and don’t be too pessimistic, there is hope for the big pie.

#STX yesterday reminded me to take profit by 30% and continue to hold the rest.

#ZEN rose at a high point after yesterday's recommendation. I didn't make much money, so I can continue to hold it.

Do not add positions to this coin #dYdX , in case the coins unlocked at the end of the month will hit the market. The mainnet will not be announced until these people sell it after the mainnet is unlocked, which should be in early November.