The market has not been very good these days, with a continuous decline. When it goes up, the assets in the account do not seem to increase much, and when it goes down, the assets in the account plummet.
Bitcoin fell today, but the altcoins stopped following. This is a strong signal. The altcoins are currently performing well, such as $zen $usual $aave, etc., which can be paid special attention to.
The next good news is that the United States will be on holiday for two weeks. Most of the market makers and Wall Street tycoons will also choose to rest for a while. The Nasdaq will also be closed on the 24th and 25th. Well, it is finally time for hot money to operate.
Back to the market, at the 4-hour level, let's see whether it can fall below 92,000. If it does not fall below, the copycat market will continue. If it falls below, it will re-test the support near 90,000 in the short term. In short, pullbacks in the bull market cycle are excellent opportunities to intervene. If the fall is fast, the V-reversal will also be fast. There is nothing to be afraid of.
Now the circle is saying that the alt season is coming. Don’t think that the rebound last night is the arrival of the alt season. No, it’s just a rebound. BTC is normal, the alt market plummeted, and the oversold rebound is just a rebound. The general trend is still downward.
At present, in the next two weeks, it should enter the monkey market, and the price of the currency will fluctuate. For short-term operations, don't look at the pattern, look at the form, and both short and long are OK.
Partners who have made layout in the copycat cycle can place orders in advance at the corresponding positions, and take them when they get them. This month or so is the last chance to buy at the bottom in this bull market.
If the foundation of the bull market is laid from the monthly level, the weekly line will pull back to the top, and the daily line will also pull back. At the same time, the market value share of BTC has reached a double top. Now the daily line is almost in place, and the weekly line will fluctuate for another week. BTC will go up, the market value share will go down, and the copycat will rise. It is also reasonable. What is right and what is wrong depends on your own judgment.
Of course, the current Bitcoin has completely parted ways with the altcoins. If you hold altcoins, it is meaningless to pay attention to the rise and fall of Bitcoin. The altcoins are now in a consolidation market, and some weaker ones have begun to break the previous lows.
Do not open a contract at this stage, because black swan events in the cryptocurrency circle are becoming more and more frequent, and many people have not experienced the phenomenon of "spikes". When the market is divided, spikes are inevitable.
Since you have read this far, please follow and like before leaving. I am Qingtian, an old investor who sincerely wishes you to get rich!
