Hello everyone, I am Encrypt Xin
Today is March 13th
Last night, Bitcoin fell below 70,000 and the pin reached 68,600. When it reached 6.85, Bitcoin quickly rebounded to around 6.95. When the price was 7.07w U.S. dollars, I asked the group of friends to prepare to take the call at the position of 6.98w. Unexpectedly, I became fomo this time. When it fell to 6.8, I thought the market would continue to fall, so I withdrew all the pending orders. It was not until 7.02 that I had the courage to get on the bus, and I only made a profit of 120. If I had believed in my judgment at that time, I might have made another 200% profit when I woke up this morning.
$BTC was in a low mood last night. The price fell all the way from 73,000 to 68,620, a drop of nearly $4,000. It seems that the market on March 12 did bring a lot of negative emotions to investors. Some people may choose to clear their positions and wait for the market to plummet, because they always expect to sell at the highest point and then re-enter at the low point. However, there is a fatal psychological misunderstanding. Once you sell, even if the market falls, the decline may not be large enough. You will feel that the price can fall further, so you continue to wait and see. But when the market starts to rebound, you are unwilling to chase the increase because you think the price will fall back. Eventually, you will find that you have missed the opportunity to re-enter the market, and you can only watch the opportunity pass, unable to keep up. You missed the opportunity to get in the car because of your hesitation. Therefore, don't always wait for the lowest point, seize the right opportunity and act in time to get better returns in spot prices.
Cancun will be upgraded at 21.54 tonight. The previously planned $ARB has finally started to have a slight upward trend. After waiting for so long, it has started to rise. It's really tiring. Overall, holding $OP $ARB $STRK, $METIS and $MANTA will bring great benefits. Moreover, after $ETH upgrades, these l2 need to find new paths to store their transaction data, so this is also a good thing for $TIA. Of course, we can see from last night that $TIA won crazy rise. It seems that the big brother Ethereum is still needed to lead the l2 sector to rise. But I will still hold the same view on Ethereum as I did before. When the Cancun upgrade is completed, a large amount of funds will inevitably be released into other sectors, which is good for the implementation but also bad for the implementation.Everyone should still pay attention to avoiding risks and know how to ship at high prices. As for what sectors hot money will flow into, I think sol, meme, and AI are very good places for capital flow.
Look at the $MKR I shouted in the group today. I noticed a few days ago that the founder of mkr bought 1.6 million US dollars of mkr. This morning, another giant whale bought 1.3 million US dollars of mkr, as well as the official announcement at 12 o'clock in the morning. There are certain benefits to launching a new currency. So I think now mkr spot purchase can be held for a short period of time.