Bull market decline, you don't buy
When to buy?
FOMO at the peak and then buy?
After the US Federal Reserve's interest rate decision was announced at 3 AM today, Bitcoin began to enter a downward trend, plummeting from a high of $104,800 to a low of $100,303, with a short-term drop of up to 4.3%. As of the deadline, it was reported at $100,900, with a near 24-hour decline of 4.84%.
Ethereum flash spike to $3650
Ethereum also experienced a decline after the interest rate decision was announced, retreating from a high of $3907 to a low of $3650, with a short-term drop of 6.6%. As of the deadline, the price was $3681.05, down 6.14% in the past 24 hours.
In the past 24 hours, $702 million were liquidated
On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency market reached $702 million, with long positions liquidated at $608 million being the majority, and short positions liquidated at $93.57 million, with over 25,300 people being liquidated.
Choosing the right valuable coins at this stage to welcome next year's big surge!
Are you feeling confused about the current market? Seeing the whole market criticize altcoins!
Looking back at the market from October 2023 to March 2024, the main theme of this market cycle is the rush for Bitcoin.
Will there be a season for altcoins? When will the altcoin season come?
I believe there will be. Everything can change, but human nature does not change; the altcoin season is part of human nature.
Since entering the space in 2016, many coins have tried to replace Ethereum as the second position, but in the end, they all turned out to be fleeting. Ethereum's DeFi applications, lending, and decentralized exchanges are all based on the Ethereum chain; the global consensus is there, and its position cannot be easily shaken. Moreover, the Americans keep buying Ethereum ETFs, accumulating a large amount of bottom chips. It’s impossible for it to keep dropping, so everyone should not panic.
I know you are panicking, but please don’t panic
the big is coming
From the current performance, the altcoin sector is still mainly rotating. Before the market sentiment explodes, it will likely remain rotation-focused (the corresponding strategy for this statement is: if you are skilled, step in at the right rhythm and switch positions; if not, just hold the altcoins you think are great and patiently wait. If they rise, then you are great; if they don't rise in one round, you have to accept it). Stay calm, it’s still very calm! Waiting for the explosion!
We need to focus on strategy, not prediction:
When the overall trend hasn't changed, and when the correction of the coins we are optimistic about is sufficient, that’s when we need to take action. Execution is difficult, but often the harder part is patience.
Don't panic, brothers, hold onto valuable coins; every drop requires you to bravely seek valuable coins and firmly hold them without being shaken out!
Remember, every drop now is for a better rise in the future; choosing the right targets is more important than anything!
In the circle of 'Right Right', it has always been said not to go all-in, leave some USDT! (Including what has been repeatedly said: if you like to play long-term, you should have at least three layers of BTC in your hand)
The most common situation is: I say to buy the same amount of each coin, don’t buy one a lot and the other a little; diversify your positions for safety! However, most people's operation is: I have recently recommended so many that are profitable; diversifying positions yields too little profit; I can't do that, I want to go all-in; I want to increase my position!
Investment is all about position, algorithms, and strategies! Once you become fond of going all-in, you are not far from losing money!
Another situation is: the short-term and long-term coins I recommended keep making profits, but when you play with other coins, you lose. This is also common because I don't recommend many coins, and many people are addicted to trading, so they keep looking for coins to trade. This is also understandable!