The important thing is to talk about the copycat market.
“The big one is coming” is a phrase we often hear, and it is also the expectation of many people. But unfortunately, that is not true at the moment. The core reason is that the incremental funds for buying orders are not enough. From a financial perspective, it is impossible to initiate a big market move. In order to avoid ambiguity, let me explain here that the big market I am talking about is worthy of the 21-year bull market. The sectors rotate in turn, and there are dozens of times of increases everywhere. It does not refer to the increase of several times of certain coins.
In fact, when the market rose to 70,000 in January, not many people made profits in the market as a whole. If there are no big funds involved in the AI and MEME sectors, it will be difficult to make big profits. The previous popular coins such as TIA, ORDI, and BLUR have basically fluctuated up and down for more than three months.
Even if Bitcoin fluctuates, it may continue to rise. The expected income of the copycat is not particularly high. In many cases, a 50% increase in a coin does not make much money. Not many people can buy at the lowest point and sell at the highest point. , plus if it is sold in batches, it may be good to make a final profit of 20%. However, if you buy a few coins, you will make some profits and some losses, and then you may be busy. Then if btc adjusts, it will lose money.
So suggested trading strategy
1) You can consider participating in recent hot topics and beneficial projects. But your expectations may be lower. Don’t always think about getting rich. The big opportunity to get rich on a large scale has not yet arrived.
2) Remember to chase the rise and kill the fall. Buy at falling support levels instead of chasing gains at high levels.
3) The important thing is that for long-term positions, be prepared to be shaken up and down to the point of vomiting blood. You have no other choice but to take it.
#icp #BTC #LUNA #BNBChainSunset ain #ETH