Market summary:
At present, the crypto market can no longer get the help of the short-term sentiment rise of the US stock market, and the overall macroeconomic pessimism is indeed gradually spreading, including the US stock market. In the short term, the US stock market is still sucking blood from the US crypto funds to a small extent, and the outflow of funds also represents the emotional trend of US traders.
Of course, under the premise of no major negatives and black swans, both the US stock market and the crypto market will enter a shock correction due to the low sentiment, and the short-term plunge will not be so easy to see, so everyone should look at the current environment reasonably and not be too pessimistic.
In terms of contracts, at present, it is not wise for bulls to short at high levels. At reasonable points, they can get certain profits, but they must pay attention to the breakthrough of key resistance levels. Once the breakthrough, the sentiment will reverse in the short term, and pay attention to risk control.
In terms of spot, if you are trapped in the short term, you can try to set a replenishment needle at a lower position. Once the market falls and the needle is pierced, the cost price can be effectively neutralized after receiving the needle, and then the cost is lowered. It depends on your choice whether to leave or stay. But the premise is that the currency you are anchoring is a mainstream altcoin, not a niche altcoin. The decline of a niche altcoin is often not a needle, but a direct drop through, so you must distinguish it well.
