Market Analysis 8.10
Good morning, brothers. As the weekend approaches, the market fell slightly yesterday.
But from the price trend, it is actually okay, not much.
Last night's on-chain data analysis:
BTC did not flow into the exchange much + stablecoins have strong bottom-fishing power.
So this is not the beginning of a bear market.
If a bear market is coming, stablecoins will gradually flow out of the exchange,
and will not show such a strong bottom-fishing power.
Although we are optimistic about the bull market after the interest rate cut,
but the current situation is really hard to grasp.
The world is not peaceful recently.
Ukraine has attacked Russia and attacked the military airport yesterday.
Lebanon and Iran may also cooperate to attack Israel.
There are many conflicts in the world, and BTC as a risk fund is easy to be dragged down.
The risk has not been eliminated yet. I would like to emphasize yesterday's strategy, which remains unchanged:
The current general direction is bullish, but there may be a pullback due to bad news in the middle.
If you buy it and go all-in, then don't worry about it, hold it firmly, and hold it even if it falls back.
If you haven't bought much yet and still have a lot of money, then buy in batches.
Look for opportunities to buy part of the position during the weekend correction, such as 30%, and wait for bad news to buy another 30% position.
If you have bought more than 70% of the position, don't chase the rise, brother.
At least you still have money, and you can buy in case of a correction.
