The market is warming up, waiting for a breakthrough.
Last night, Bitcoin rose to about $60,000. The interest rate is about to be cut, and the market volatility is increasing. However, don't pay too much attention to the first interest rate cut by the Federal Reserve.
The interest rate cut is a long-term positive for the market. It can rise or fall in the short term, regardless of whether the positive impact is adjusted or not, and whether the first interest rate cut is a surge or not. Short-term fluctuations cannot interfere with my view of the general trend, which is a spiral upward.
From the overall trend, the market still maintains a bull market trend and is expected to set a record high. Especially those altcoins, most of them are currently at the bottom area of the weekly level, and are ready to break through at any time. Once these altcoins successfully break through, it will trigger a round of super-large-scale rising market.
The power of the main funds is indeed amazing. Although the decline of the big cake is only 20%+, the adjustment of the altcoins is far beyond the normal fluctuation range of the big cake. This situation undoubtedly poured cold water on the dreams of investors. In such market fluctuations, I don’t know how many investors have quietly left the market. Especially those investors who hold leveraged altcoins, they may have completely left this volatile market in the past few months.
1. Don't rush to cut your losses and leave. The market is like the waves, with ups and downs, and the turning point may be not far away. If you have sufficient funds on hand, stay calm and don't panic. The loss on the books is only temporary, don't scare yourself.
2. Set a stop loss point for yourself, just like setting a resurrection point in a game. When you lose there, you will withdraw decisively to prevent more losses. Wait for the market to recover, then find an opportunity to enter the market, and use new transactions to make up for the losses, or even make more.
3. Friends who do short-term trading, you have to keep your eyes open. Once the market is wrong, you have to clear your positions quickly. Small losses are also profits, and safety comes first.
4. Don't put all your eggs in one basket. Investments should be diversified. Buy more things and invest in more markets, so that the risk is small. You also have to study the market carefully to see why it rises and falls. You have to look at both the technical and fundamental aspects, so that you can have a bottom line when investing.
