The daily line shows three consecutive negative lines! The market is falling here, and Christmas is approaching. Americans are gradually leaving their jobs to celebrate Christmas. Can the market not escape the "Christmas curse"? The market may continue to adjust or even decline. It's time to temper your mentality again.
Faced with this market, the spot party's carnival is coming again, which is undoubtedly a good opportunity to buy at the bottom. However, it is important to clarify the target of buying at the bottom, as well as the cycle, position, etc.
In terms of the choice of the target land, the mainstream with strong liquidity is definitely the first choice for big funds. The pullback of Dog is also quite strong. At present, it is 0.29, and you can also keep an eye on it and prepare to enter the first position. If it continues to fall, you can make a cover operation. Spot is so simple...
Remember, a decline is not a risk; a decline is a process of reducing risk. Risks arise from rising prices, and opportunities arise from falling prices. Therefore, your actions during a decline determine your mindset during a rise. If you don't buy during a decline, you will chase after rising prices, and chasing prices has a high probability of getting trapped. Once trapped, you will have to cut losses during a decline. It's a cycle.
On the contrary, a good start: buy in batches during declines, and take profits in batches during rises. Continue to buy in batches during declines, and continue to take profits in batches during rises. Whether it's investing or trading, the essence is to sell high and buy low. Chasing prices during short-term emotional premiums may make money but is certainly not sustainable. Remember to respect the market and grasp the emotions.
Many fans are asking which will rise next? Which will fall?
I'm afraid only heaven knows, but definitely don't keep switching back and forth, and especially don't chase after rising prices or panic sell. That's a big taboo! Violators will face dire consequences! (By the market) Investing requires a certain level of self-discipline. As long as you have strong self-discipline, even Satoshi Nakamoto will have to listen to you. In the end: Hold tight, don't exchange if it doesn't rise! The altcoin season is coming soon!
The Federal Reserve and Japan's monetary policy meetings have all been announced. Next, we are left with the low liquidity periods of Christmas and New Year. In January, Trump may return to the White House, which could promote related legislation and subsequently affect the future direction of the crypto market. Meanwhile, FTX compensation and the resumption of trading in US ETFs are also expected to bring new capital inflows in January, and market conditions may improve. Therefore, the time window from late December to early January is a key period for us to focus on. Perhaps starting from today is a good opportunity to bottom fish strong altcoins!
In the end, I will strongly recommend one:
Assets on Binance (CHEEMS, MONKY)
These two BSC ecosystem dogs and monkeys will eventually get listed on Binance spot. Let's wait and see!
Currently, ALPHA has already been listed on Binance. For those who haven't entered the market yet, I recommend starting a position with CHEEMS, topping up near the 8 range, and starting a position with MONKY, topping up near the 16 range.
