Madman said…

Recently, as Bitcoin has been trading sideways at high levels, it has repeatedly warned of the risk of correction and shock, and given the logic of the risk. The biggest logic affecting the rise and fall of the cryptocurrency market is still the direction of the Fed. The relaxation and tightening of monetary policy have an impact on currency prices. The root cause of this weekend's decline is that Friday's employment data greatly exceeded expectations, which increased expectations of a rebound in inflation and greatly enhanced expectations that the Fed will turn from neutral to hawkish again.

This logic will not change overnight, so it can be said responsibly that the time and magnitude of the correction may be stronger than previously expected. At present, Bitcoin's first support platform is near 22500. If If it falls below, it will look for the next support platform near 20800. Under the current background, the chance of falling below 20000 again is still small. In the medium and long term, it is still a value range, and it is worth buying on dips, so whether it is 22500 or 20800 is the position where everyone can add positions.

ETH has been stronger than the market recently, and it is worth continuing to add positions during corrections; APT has completely stalled, and it is about to start the road of value return, so be careful to buy the bottom and take the knife; SHIB shines for one day and then brings the market down, which is in line with his every time rhythm, but this trend may not be over yet, and there will be opportunities to rebound to new highs; there are not many bright spots in the overall market. In the current environment, most coins that dare to go against the trend will be 1-2 day tours. It is difficult to be sustainable, so be cautious in pursuing higher prices. , be careful of being hung up on the flagpole, hoarding coins on dips is still the best policy.

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

This article [Madman Talks about Trends] The support platform is near 22,500, and the chance of falling below 20,000 again is small. First appeared on Blockchain.