Bitcoin is currently trading sideways around 69,000, Ethereum has begun to take over, and some currencies in small sectors have begun to gain momentum. The rhythm is very similar. James Fickel, a die-hard bull in the current ETH/BTC exchange rate, finally made a profit after being trapped for several months. This big brother was almost ruined by this before, so it can be clearly felt that funds are flowing back to Ethereum and related sectors, and then the copycat sectors will take off. Currently, the MEME sector is still the vanguard, and PEPE has even broken through the top 20 in market value, so the same sentence, wait patiently: the hard work will soon pay off!
Although CME Fed Watch indicates that the probability of the Fed keeping interest rates unchanged in June is 99.1%, the expectation of interest rate cuts in Europe is very strong, so some macro news has basically been accustomed to by the market and will not cause more backlash in trading sentiment.
Focus on 3 major events this week:
1. Will Israel's attack on Hamas trigger a large-scale conflict? The current negotiations have broken down, and there is still very strong public support in Israel to continue the war. Small-scale conflicts are fine, but if it is involved in the conflict between Egypt and Iran, it will cause BTC to plummet, and the probability of a large-scale conflict is 30%.
2. The U.S. PCE data for April will be released this Friday night at 8:30 p.m. Friday. If it is higher than expected, it will be bearish. If it is lower than expected, then it will be awesome, and BTC is expected to challenge its previous high!
3. The U.S. Treasury Department repurchased U.S. debt for the first time in more than 20 years. Starting from this Wednesday, the U.S. Treasury Department will launch a series of U.S. debt repurchases, which will indirectly benefit the cryptocurrency circle. The Treasury Department will repurchase a large number of Treasury bonds, reducing the supply of Treasury bonds in the market, thereby pushing up Treasury bond prices and lowering yields, which is beneficial to risky assets in the cryptocurrency circle.
To sum up, how should we sell at this stage?
1. If it is a swing position, you must set a profit target, such as 10 points, 20 points, or 30 points. In fact, this has a certain relationship with our position. If the project you invest in occupies most of your position, then 10 points may be enough to stop profit. However, if the investment is not much, you can set a profit target of 20 points or 30 points, regardless of whether it will continue to rise sharply!
2. If it is a mid- to long-term ambush project with a return of ten or a hundred times, for this part of the project, the investment is actually not much, and what we want is to make a small investment for a big return. Therefore, if the principal can be doubled, there is no need to pay too much attention to it. In order to avoid being affected by your emotions, you can place an order after buying. For example, if the ambush is for 1 dollar, then you can sell half of the position at 2 dollars!
Because there are many ambush projects, this also avoids the situation where you may not be able to sell out in time even if the capital doubles. Since the market value of these projects is relatively small, the corresponding fluctuations will be relatively large. After doubling your capital, it may continue to double. At this time, you can continue to pay out your capital or continue to hold it, and wait until the big bull market comes to decide when to clear your position, whether it is 1x, 2x, 10x or 100x, just set a goal for yourself to clear your position!
This week, we need to focus on several unlocked projects. Pay attention to timely profit exit when the price rises! You can take them back one after another after unlocking! The US market will not open tonight. Perhaps, the market is likely to fluctuate. Judging from the current trend, Ethereum may fall back to around 3700, and other mainstream compensatory rising markets will come sooner or later!
After a brief adjustment on May 24 and 25, Bitcoin has re-entered an upward trend. This was mentioned in last week’s analysis, but this upward trend will be relatively slow. Only a bull market will cause a violent rise. In any case, as long as the overall market does not continue to fall, the copycat market will continue to exist.
Next, Bitcoin will try to break through the 70,000 mark again. It is estimated that it will break through again this week and then continue to rise, so everyone must hold the spot well. You can use the liquid funds to play with memes at will, and large amounts of funds must be used for long-term holdings of high-quality assets.
Hold on to every chip! The chance to get rich by copycatting will come to you!
In the bull market, your wealth will grow as long as you can hold on!
1. Ethereum’s deterministic opportunity has begun, and this bull market is expected to break through the peak exchange rate of 1.238 between ETH and BTC at the beginning of 2018!
2. The weekly and monthly exchange rates have fully broken through the suppression lines. Without further ado, just sit tight and hold on in the big market.
3. This wave of copycat season will only be more intense than the first half. We should pay attention to and actively embrace Binance’s new coin series that are spurned by retail investors. As long as there are transactions and development logic in the market, we will not miss this bull market.
4. The project party is more anxious to make money than you are. Only by raising the price of chips by pulling up the market can they make more money and attract traffic, allowing the product to capture more opportunities. BB coin is a typical example. It has emphasized the potential of narrative. In the past few days of pulling up the market, the data has soared, and the project party has gained both fame and fortune.
I would like to advise you that making money requires a certain pattern. If you can’t control your hands, you may miss the bull market. How many chances can a person have to change his fate in his life? If you have a bad attitude and mess around, you will miss all the big opportunities. When it becomes difficult to make money in the future, what’s the use of slapping your thighs? If you want to turn things around, first temper your mentality into iron, and then turn your transactions into gold.
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This is the end of the article. I will do a more detailed analysis in the circle. If you want to join, send me the official account (The Attack of Krabs) and I will reply to you in time~!
