The sharp drop after the rate cut meeting was mostly due to Bao's speech, which was a bit unexpected. The hawkish theory directly led to the collapse of the global market, not only the cryptocurrency circle, but also the US stock market. The cryptocurrency circle is currently at a relatively high price, the market sentiment is relatively bullish, and there is a lot of leverage, so the decline is also a matter of course!
As for the attitude of the subsequent speech, the possibility of interest rate cuts has become an uncertain variable, and the future still needs to rely on economic data to determine. The market performance is short-term negative, so the relatively large impact will be slowly digested over time. In the short term, as long as the 9.8 position is maintained, the overall upward pattern will not be destroyed. It is just a healthy trend of a short-term correction. This has been mentioned before. If you didn't pay attention, you can check the Weibo a few days ago!
Let's look at Ethereum again. It is a typical fall but not rise, a bit like a helpless Adou! The trend of Ethereum has always been ups and downs. This magnitude of retracement has occurred more than once this year. The key position of Ethereum is still around 3,500. As long as it does not fall below this position, this position is a good short-term buying point!
As for copycats, An An is launching new products too quickly now, and funds do not know how to choose. The first time a new project is launched is to smash the market and harvest. This is incredible. It was not like this when the cousin was imprisoned. Why is it like this now that he is free? Is An An short of money?
Every relatively large callback is an opportunity to cover positions and increase positions. If you grasp it, you will be different from most people. Opportunities are for those who are patient. The market will always give signals before rising. The key is whether you can know the time to enter the market. Christmas is coming soon. Once the holiday is over, the market will eventually return to the market that everyone is familiar with!
If you like contracts, like to study the market, and study technology, click on the avatar. I have many years of experience and skills in the currency circle, and I will share them for free. I am waiting for you in the circle, online at any time, welcome to discuss and make progress together
