The current market must be cautious and not blindly chase more. Let me tell you an old story from four years ago, I hope it can remind you!!!
March 9, 2020
The US stock market announced the first circuit breaker, and the market ushered in a big plunge again. ETH fell from $210 to $190, a drop of 10%. BTC fell from 84 million to 77 million, a drop of 8%.
After two consecutive days of plunges, the air force was revelry, and most of the air force had closed their positions.
March 10, 2020-March 11, 2020
Sideways, after two consecutive days of plunges, many people felt that the risk was over, and even many people had opened more.
March 12, 2020
On the day of the plunge, the drop was very severe. ETH fell from $1,500 in the bull market to $150. I couldn't help but go all-in and open more.
99% of people felt that the opportunity had come and started to go long. Even our air force group, under the leadership of the group leader, joined the ranks of bottom-fishing.
Everyone I know in the cryptocurrency circle has already opened a long position
As a result, there was a super big crash that night
Due to the outbreak of the epidemic, the US stock market ushered in the second circuit breaker
ETH fell from $190 to $120 that day, a drop of 37% BTC fell from $8,000 to $5,500 that day, a drop of 31%