How to deal with the plunge in the cryptocurrency market
Today, I went out to sea with Brother Dadao and sea fishing expert Steven to fish squid early in the morning. We didn't get home until nine o'clock in the evening. It turns out that only when the market is not good can we be so luxurious and ignore the market all day. Anyway, the grid and fixed investment robots are working hard.
It's great to have a master with you. The squid exploded and the bucket was full. The huge manta ray was as gentle as a kitten 🐱 swimming at your feet. It was super stress-relieving to sail a boat unscrupulously in the evening with the sea breeze blowing.
As an old leek who has experienced almost all the plunge days in the cryptocurrency circle, I give you a piece of advice: Don't stare at the market when the market is not good. It's useless and easy to make wrong decisions under extreme emotions. What you need is to go out and breathe fresh air or lift weights, sweat, and let endorphins cheer you up.
After cleaning up the squid, I'd like to share my views on the subsequent market:
I personally think that the United States will not sit idly by and watch the war expand. Now both Iran and Israel are shouting harsh words, but the United States is trying its best to mediate, and has made countless calls to Iran through various countries, including China and Turkey. This incident is likely to end up like the bombing of Sulaimani, through a third country using drone missiles to bomb some not very important targets, and the war of words between the two sides will be over.
The continuous liquidation of the day before yesterday made many people feel extremely uncomfortable, but if you look at
$BTC , it is still around 64,000, and it has not even fallen below 60,000, so the bull market rhythm is still there. Relatively speaking, the cottage directly experienced a 30-70% correction due to the shortage of liquidity, which basically killed all leveraged positions.
In addition, the two days before yesterday and yesterday, the basic long contracts were all dead. Now from the perspective of leverage, the health is relatively high, which means that it is not easy for shorts to eat big meat now. I hope that the bloodbath in the past two days will be enough sacrifice as a new high in the subsequent market.
The reaction of the US stock market tomorrow is more important. If
$BTC can continue to stand firm at 65,000, then I think the altcoins have basically bottomed out (I mean the real altcoins). If it fails to stand firm and falls below 60,000, OK, I will apply for an Australian Meituan uniform first
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