[BTC continues to push for more, and has dropped by 6,000+. Last night, 4.5 billion CNY was wiped out, and the assets of 138,158 people were reduced to zero! 】
2024.4.3 9:04 AM BTC market analysis
Entering April, the pie has dropped by 6,000+ dollars in a row. I don’t know if it is a short-term move, but it is a fact that this wave of bullishness has wiped out 250,000+ retail investors and robbed 10 billion+ of liquidity. I have to say that at this moment, The pie is still capricious enough. It rises and falls all at the whim of the main force. There is no resistance to support it. It is common for it to fluctuate by two to three thousand dollars a day!
Today’s BTC concerns
Support 63800/62000/59000
Pressure 68800
This wave of BTC is forcing the bull market. Most of the altcoins have plummeted by 30%+, and most people’s positions have been retraced by 30%+. For those who did not reduce their positions last week, it is another roller coaster ride, like This frequent roller coaster will only turn investors from believers to speculators, from medium and short-term to pure short-term traders, so the idea instilled by the main force is to accelerate the harvest of market liquidity. At this moment and before the launch of ETF The trend in half a month was very similar. At that time, the price of the pie hovered around 43,000 for a long time, jumping up and down every day. Many people thought that it was a negative when it landed, so they sold their chips. Everyone knew what happened next, and the price of the pie continued to rise to a maximum of 73,881. After everyone threw away their chips, many of them had already multiplied their bottom line by 1-3 times, thereby missing out on cheap chips. The higher the transaction cost at this time, the higher the transaction cost. Not only did they not make big money, but they aggravated the losses!
In terms of operation, Brother Sao has a few suggestions at this moment:
① For those with short positions, it is a good time to enter the market in batches with 30% of the positions!
②For those who have a 3-5% position, wait and see. The position limits your operations. The position is already enough. Wait patiently. You must leave yourself a position to resist risks, so not moving at this moment is the best operation!
③Those who have a full position can only wait, because if you are a disciplinary enforcer, you will not fill the position at all! At this moment, the best thing to do is to calm down and wait patiently. Don't do T, because your mentality is not suitable!
④For players with large funds, I recommend using the fixed investment or spot grid. The high volatility at this time is very suitable for opening a grid; the grid can automatically sell high and buy low within the range you set, which is very suitable for players with large funds to improve their capital utilization. Rate!
