At the beginning of the month, Yiming mentioned a point of view: the high point of the year may appear in July. At present, the probability of this point of view being realized is constantly increasing. Once the third wave of correction begins, the amplitude will not be small. There is a saying in the trading market: there is no top when the price rises, and there is no bottom when the price falls. In the case of tight market liquidity, the risk of copycats is higher. Even if the Federal Reserve announces a pause in interest rate hikes after this week's rate hike, as long as the US federal interest rate remains at this value, it will put tremendous pressure on the market, not to mention the appearance of black swans. Be careful of bears. Don't take it lightly. Ask yourself first whether you can bear it when the price of pie returns to $10,000.
As for the short-term, Yiming also expressed his own views yesterday: first suppress and then rise, pullback before the rate hike, and there may be the last rebound of the year after the rate hike (with a limited height);
Regarding the recent hot WLD launch, this is a top-level project. In the past year, all new projects launched on Binance have opened high and closed low. This may be related to the bear market environment. Therefore, those who plan to enter the market can wait for a wash before considering it. The current market value is still small, so there is a chance.
Market analysis:
BTC: From the daily chart, there is support at 28300~28800, and the upper pressure range is 30900~31100;
ETH: Yesterday, the lowest price dropped to 1829, but it still closed above 1840, indicating that the support near 1840 is effective and there is a rebound demand in the short term. The upper pressure range is 1950~1970;
BCH: Short-term buying can be considered near the weekly support of 235, with room for 50 dollars above.
No matter how hard and painful life is, please remember that the inner strength is infinite. Only by overcoming difficulties can you blossom. Even if the past transactions were not ideal, you cannot become a coward. Stand up bravely, pursue the life you desire, and make yourself a strong person. Always remember that Yiming is accompanying you on the road of trading. Recharge your faith and see you at the peak of the next bull market!