Let’s talk about the market first. Today, Bitcoin suddenly rose from 61,000 to 63,000 and is still fluctuating.
Is it the bulls’ return? Or is it a good time to escape the top?
In fact, based on the market analysis, Shisan Geng believes that the possibility of this position returning to 61,000 and oscillating is very high.
You can see the two red circles in the picture below. The comparison between the falling volume and today's rising volume is very shabby.
That is to say, the short side of the market is now stronger than the long side.
Although there is bullish volume, its strength is not strong. After this wave of bullish volume is digested, bears will take the initiative again.
Therefore, at this point, I would recommend that you exchange the chips you bought at the bottom into cash.
Of course, the development of the market is unpredictable. Whether it will rise or fall depends on the comparison of the strength of the bulls and bears in the future.
In fact, Thirteen doesn’t like to predict short-term market trends, because if there are too many short-term orders, the error rate will be very high, which will easily attract black fans.
Some people will even take screenshots of your previous mistakes and keep bashing you.
So don’t bet on short-term market conditions, but embrace trends, embrace trends within a cycle, including shock cycles, bull-bear cycles, etc.
The market is still fluctuating in the range of 60,000 to 65,000. I don’t know whether the bottom of 60,000 can be maintained in the next round of correction, otherwise we will have to face the market entering a lower range.
Of course, it is a good thing that the market enters the next range. Only when the market truly hits bottom will it start a new round of rise.
2，
The market situation in a bull market is like bouncing a ball up the stairs. The fluctuation of a range can be regarded as a bouncing action, which will make the bottom range of the market rise higher.
Now the mentality of many friends has been crushed by the market.
I have been unable to hold back or have sold my chips countless times.
They had a very nice idea. As long as they fell, I would be able to catch them back at the lower level.
But you will most likely not be able to find a buying point after you cut your losses, and will keep hesitating and waiting for a lower point until the market takes off, and you will be forced to enter the market at a high price.
The current cryptocurrency world is indeed very tiring. If everyone has a position, it is actually a good time to relax, pay more attention to life, and temporarily forget about the cryptocurrency world for a while.
This time won't be long, and everything you once had will come back to you.
You may even be glad that you didn't sell at a loss and held on.
The current cryptocurrency circle is indeed facing many difficulties. The main problem is that there are no topics or themes for hype, and only some meme coins are showing off.
This will cause funds to temporarily wait and flow to other places, such as the stock market, bond market, etc.
Therefore, there is no need to be too excited about tonight’s rise. The overall environment has not changed and the cycle of fluctuations will continue.
3，
Powell will give a speech tomorrow.
The content is critical, no matter what the purpose is, whether it is true or false.
The absolute right to speak is in their hands, and their opinions have a huge impact on the cryptocurrency market.
The previous small rally was due to a cooling in employment data. The market believed that this was a sign that inflation was effectively controlled, and that we could expect an interest rate cut next.
If the CPI announced tomorrow is positive, then today's good market conditions will be able to continue. If it is negative, then it will return to around 61,000 in an instant.
It is even very likely to break through the 60,000 level and enter a lower range.
Therefore, Shisan suggests that everyone should take advantage of the period when the market fluctuates around 63,000 to complete cash reserves as soon as possible.
When keeping your long-term position unchanged, try to hold some cash to deal with the subsequent risks.
Of course, there is a possibility of missing out, but we can't gamble. Long-term positions are enough to make money.
If the market falls below 60,000 and enters the real bottom range, you will find that the cash in your hands is as precious as gold.
4，
I have said many times in my articles that in a bull market, one should be bearish but not short.
If you firmly believe that this is a bull market, try not to short sell.
Looking back at the history of Bitcoin, shorting in a bull market is like stepping on a nail, with a narrow escape of death; while in a bear market, one must be firm in shorting and cautious in going long.
It is often easier to make money in a bear market because everyone’s panic is so obvious.
The most taboo thing in the cryptocurrency circle is to care too much about the current market conditions. Many people like to say that we should cherish the current market conditions. This is the result of market competition, and we need to analyze some things behind this result.
If you are a professional investor, no problem.
If you are just a cryptocurrency investment enthusiast, it is strongly recommended that you do not cherish the present, but look back to the past and look forward to the future.
Complete position building in a reasonable way and sell at the high point of the bull market.
In fact, you can completely ignore the various fluctuations in the middle and don’t need to worry about them.
The big investors in the Thirteen Circles are very confident when investing. They almost never look at the market because in reality they are also company bosses and are busy with official duties. They have no time to look at the market at all, so they will not experience the pain of ordinary investors being tortured by market fluctuations.
Only at the peak of the bull market would Thirteen prompt them to start reducing their positions.
It’s so easy to make money in the cryptocurrency world.
No matter how low the currency you hold falls, the more it falls, the stronger its ability to explode in the future will be.
Try to block out the voices of the leeks around you, such as the bull market is over, the bear market is coming, everyone should run away, etc.
They are leeks, and leeks come to the cryptocurrency circle to give money. If you follow their rhythm, you can only give money with them.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
