The market is very bad tonight; Bitcoin lost 60,000 points;
On the rising list, there are only two coins that are pleasing to the eye, one is MTL, a fee coin; the other is LISTA, a small-cap new coin;
I would do MTL fee coin according to my previous habits; but the K-line is too disgusting, the more it rises, the more it falls; I have no desire to do more of it;
LISTA should be the most pleasing among the recent new coins, because of its low valuation, I have done its spot before,
but I donât want to do it tonight, I donât know Why? Maybe itâs because Bitcoin is not strong, so I donât want to buy the bottom of the altcoins.
Another point is that when the market environment was very bad before, I went long on CVX against the market, got a lot of money, and learned a lesson.
And I later learned the lesson of CVX and went long on Lista in the short term, and the market verified that my logic was correct.
So today, Bitcoin is so bad, even if these two coins are strong, I donât want to go long against the market.
There is another situation that I noticed when I was browsing Weibo. Yesterday, Bitcoinâs daily decline was actually greater than that of some strong altcoins? ? ?
Although I donât know what it means;
But Bitcoin went so badly; it feels like funds are retreating; the decline of the altcoins yesterday was not as good as Bitcoin. Maybe the early decline was too deep? Oversold rebound?
I don't understand,
Conservative players should go short;
I was obsessed with reviewing yesterday afternoon and became a short position,
but the key position of BTC60000 was repeatedly grinding, and I repeatedly went long and short several times;
Luckily, in the end, when it couldn't hold 6w for many times, I decisively entered the market to chase the short position. I currently hold a BTC short position and feel very comfortable;
I'll write this first. When market funds are retreating, I feel that it is meaningless to enter the market to buy the bottom of the cottage;
The first target position of the pancake is to see whether it can stand at around 57000;
If it can't stand, it will go down to around 54000...
