July 7, 2024, Sunday!

✅️Market Interpretation and Analysis

Since April 1, the market has entered a correction period. As of now, the market has been washed for more than 3 months in April/May/June/July. This period is really difficult. Except for BTC and ETH, almost all altcoins have returned to the price when the market started in September last year, or even lower! The recent negative news of the massive selling of BTC in Germany has once again directly washed the altcoins! The market is extremely depressed in terms of both environment and sentiment, and the profit effect of the primary and secondary markets is very poor. So is there any chance of reversal in the future? Is the bull market over?

As the saying goes, the market cannot be established without breaking. There is no market that has been rising all the time, and there is no market that has been falling all the time. The wash has gone through a cycle of almost 4 months. Whether from the technical indicators or the cycle rules, it should be almost the same. So yesterday, Brother Yu shouted in the community, lying flat and not moving, there is a signal of money to cover the position! After washing clean, the market will naturally pull up. The market will never lack funds, but lack confidence. As long as there is confidence, funds will continue to flow in!

✅️How to operate in the current market

Anxiety and panic are useless. Every bull market will experience a dark wash period. 312/519 is familiar to everyone. There is no way to ride a roller coaster. Brother Yu is also riding a roller coaster. If the coin is still there, there is still a chance. Just lie flat and hold it. Don't touch the contract. In this market, 1x may be liquidated! It is easy to fall and it is also easy to rise back, because many altcoins have a low market value. If you are lucky, you can pull it back in two or three days!

Remember one point, always use funds that do not affect your life to play. If you have money, you can cover your position and lower the average price. The market will not end just like this, and the darkness will not last too long!

In the current market, only buy the leader, don't buy junk altcoins, and buy from those with good liquidity!