Yesterday, the decline of US stocks and gold also led to the decline of the cryptocurrency market. The entire financial market was in a correction yesterday.
The Ethereum spot ETF started trading, which is a long-term positive. The funds for buying ETFs are constantly flowing in, but the market has not risen, but is still falling. This is worth our careful consideration. Beware of inducement to short selling.
From the daily line of Bitcoin, it has not broken through the upper pressure level in one fell swoop, and it is a normal trend to trigger a correction and accumulate power.
Although there is no stop-loss signal on the daily line, the white line below is the support level, and it has not fallen below the previous low. That is to say, the daily trend of this wave of rising from $53,000 has not changed, and the shorts have not fallen in large volume.
The more critical the time is, the more you need to keep your mind steady. There have been negative news in the past two days. When Ethereum ETF starts trading and a large amount of funds are pouring into the cryptocurrency market, you should be more cautious when such a situation occurs. Don't easily hand over the chips in your hands.
Grayscale sells Ethereum in its hands while buying Ethereum ETF, pouring from left hand to right hand , this is the same operation as when the Bitcoin ETF was launched, so the market will not fall too much, it will only fluctuate in a range, and the time of fluctuation will not be as long as when the Bitcoin ETF was launched
BlackRock has bought ETFs with tens of billions of assets. The main force and major institutions are laying out a big chess game. In the end, only retail investors will be hurt
My personal opinion: The bull market has always been there, and short-term market fluctuations will not affect the final result
The short-term and long-term are very different. The original goal is long-term, but I was scared when I saw the short-term correction. It is difficult to get results in this way, because the trading systems of short-term and long-term are different, and the two cannot be compared
There are too many factors that affect the short-term. The main force can control the short-term but cannot control the trend. This is also one of the reasons why long-term is easier to get results than short-term, provided that you can tolerate the fluctuations in the middle
You can't doubt yourself because you judge that the market will rise, but it falls. Don't think that every wave of the market can be judged correctly. There is no god in the currency circle, there is only a high probability
The real strength is not confrontation, but allowing everything to happen
Again, if you don't know what to do in the bull market, check the clippings and free guidance.
