January 30, 2024 Grandpa checks in
Bitcoin has returned to 43,000, and Ethereum has also reached 2,300. This wave of downward trend has definitely stabilized. The question now is, as I said before, to see how long the fluctuations will last. In fact, I also hope to see the intentions of the main force. As the Spring Festival approaches, it is likely to maintain a small fluctuation. There will be at least ten days of flat market. If there is a strong momentum after the Spring Festival, the bull market will not end.
Careful friends should have noticed that I have been saying that the short-term market is relatively optimistic recently, but it is only limited to short-term trading, and it is best to add back the high-level reduction. In the general direction, this retracement is a good opportunity, but the price-performance ratio of many target prices is not high, so it is more reasonable to reduce the position overall.
It is meaningless to blindly be optimistic about the long term. I hope to give some references based on the market trend. From my personal operation perspective, the profit at this stage is quite satisfactory compared to last year's bear market, so I will give priority to stop profit. If the market continues to rise, there is no need to be afraid. If it really reaches a bull market, the risk-free rate of return will be greatly improved, and we can chase the rise in time.
If you don't have the habit of watching the market every day, you can take more rest recently. The Spring Festival is the time when many people go back to their hometowns to reunite. Go and chat with relatives and friends, and feel the real world outside the circle. You may find that the B circle is really good. Investing in cryptocurrency is essentially to use this trend to realize asset appreciation. Don't put the cart before the horse and affect your life too much.
Thank you for your attention and likes.
