Currently, $BTC is around 67,000 and the decline is not big. Obviously, the risk aversion sentiment of altcoins is higher! There are three reasons for the recent decline:
1. Local wars cause market concerns
2. The interest rate cut may be postponed or even further raised.
3. Production cut expectations and inertial factors will inevitably lead to a drop before and after production cuts
Based on the above, I think a big drop is unlikely. $60,000 is the key position. There is no need to worry if it does not break. It is more likely to continue to fluctuate in a large range.
Although there are many market opportunities, this may be the last chance in this round of market. A moving car stops and starts along the way, occasionally arriving at a station, occasionally braking suddenly, and reversing to pick up people. The road is bumpy, and the dealer will throw most people out!
The wash-out during the rising phase is mainly to clean out the profit-taking that follows the rise. By suppressing the coin price and tossing it up and down, unsteady small retail investors are forced to sell their chips, preventing small retail investors who made profits in the early stage from selling at will during the rising process, thus hindering the further rise in coin prices.
The small retail investors who were not firm followers were cleaned out, and the market makers have stronger control over the market. In the future, there will be fewer small retail investors selling during the market rally, and it will be easier to rally the market.
The truth is simple: hold your position firmly, be as still as a mountain, and add to your position when the price drops. Prerequisite: choose the right direction and the right horse.
Altcoin review
SAGA can continue to be held (the new currency fluctuates greatly). It has fallen sharply recently, so you can add more to your collection to lower the average price.
CKB can continue to hold
SLN can continue to hold
BSV continues to hold
The altcoin sector fell synchronously with the mainstream, with a large overall decline. Many high-quality currencies have fallen significantly. A sharp drop is the best time to replenish your holdings. You can follow up with high-quality altcoins and keep a backup plan to prevent another black swan event.
The first RGB++ protocol has been launched, and we will focus on it in the near future.
As the European Cup approaches, you can follow the fan coin series as appropriate. Among them, PORTO, LAZIO, and SANTOS are worth paying special attention to. They have fallen sharply today, so you can follow up as appropriate.
There are many corrections in the bull market, so don’t be pessimistic. It will rise back as much as it fell. Friends who still have bullets can buy at the bottom.
The market crashed this morning and Lao Chen bought $APT, $ACE and $BLUR for the following reasons:
1. APT - $APT
- A new generation of Layer 1 projects. I have done a lot of analysis on Aptos and Sui. There are many improvements. It is like a more luxurious upgrade than Solana. The recent rumors about Monad are that it is a Layer 1 project with a very high total fundraising amount, reaching $244 million. Aptos once raised $350 million in the seed round of financing at a price of $1, and Sui raised $386 million in the public round of financing at a price of $0.18.
- At present, Sui is in a better situation than Aptos in terms of development. The funds flowing into the ecosystem are very sufficient, and the TVL is much stronger than Aptos, but the mobile trend of Aptos is still an unknown that has not yet been discovered. If you don't buy $Sui, you can pay attention to $APT
- From the entry point of $10 - $7 - $4, I think it is quite good. I placed an order to buy at $9.8 this morning and wait for further decline before buying
2. Fusion - $ACE
- Currently, ACE is the only Chain Game Fi project I bet on, and projects such as $XAI and $PORTAL are obtained through Binance Pool, so I hold them instead of buying them again.
- Binance Labs invested in the blockchain game $GALA, which grew significantly last quarter and is now worth nearly $2 billion. It also invested in $RON, which grew 10 times in a year and is now worth about $1 billion.
- So $ACE is the only project invested by Binance Labs with a market cap of just over $100 million. The project is slowly being built and waiting for the trend, so I think the price is acceptable. Entry point is $6 - $4 - $3
3. blur_io - $BLUR
- I have earned 9 times the return through these two rounds. I sold it at $0.4 this morning and re-purchased it
- Blur is still the largest market on Ethereum, and subsequent projects such as $TNSR have also imitated Blur's user interface. Leading Perp NFT in the Blend field, and the upcoming Blast, I believe that Blur still has a lot of room for performance in this upward trend
- After raising $164 million at $0.2, I think $0.4 is a fair price. The current market cap is over $600 million, which is not low, but I will buy gradually to avoid missing out. Entry point is $0.4 - $0.25 - 0.1x USD
Wait for $BNB to decrease, buy it
Recently, Binance has continuously launched new projects on Launchpool+, which is also a major driving force for the sharp rise in $BNB prices.
I once bought $BNB at the bottom, but sold it at the bottom because the market pressure + FUD was too great at the time.
After a while, I started watching again and saw that the potential to buy $BNB > the risk, so I bought again in a higher zone. At the time, I felt sad about losing the beautiful position, but I am somewhat comforted compared to now.
Most of us only know what we want and what to do after we have experienced it. No one can predict what the price will be like after it runs out, but what is important is how many people dare to buy and hold at the bottom. Whoever can hold on, the final result will be worth it.
The price range of most altcoins is currently in the accumulation zone, closer to the bottom than to the top.
=> You just need to pick a good coin to buy and be patient. I've been through a lot of pain in this market, so there's nothing to worry about now, just work a little harder and everything will be fine!
* This is why I purchased these items, all of this is just information, do your own research and decide for yourself where you stand!
