When will the spring of the crypto market come?
Although it is not known whether the reason for this decline is due to the turbulent situation, it can be seen that even with the decline, it has not yet caused panic
The earlier investors continue to remain calm, which is also because there has been no black swan event that will change the mood of early investors.
After all, it has been nearly four months, and it has been in a wide range of fluctuations, rising to 72,000 and falling to 54,000, so investors are also very immune
This decline even investors with costs below $62,000 did not show signs of panic, and a large number of turnovers still came from investors who were trapped in the bottom in the last 48 hours.
In addition, although it fell below the dense chip concentration area of $64,000 to $69,000, it can be seen that investors in this range did not panic, and the current structure is still very strong. Again, as long as the support of BTC in this range is not destroyed, the price elasticity is still very strong.
Now the only thing we need is a stop-loss signal, what is the stop-loss signal?
The signal to stop falling is that it can fall, but it must be a double bottom or triple bottom with the American needle, and it must not go down a step, so that this kind of emotional violent reversal will be formed!
If this signal appears or is confirmed, then the non-agricultural data will have a violent pullback as soon as tonight, so now you can really keep an eye on this pattern!
For spot investors, entering the market to buy the bottom of the altcoins may be an opportunity to surpass most people.
Investors are advised to pay attention to the old and new altcoins with large declines, increase their positions in a ratio of 2:3:5, and pay close attention to market dynamics.
