The biggest feature of this round of bull market is retail panic and institutional bargain hunting.
So don't be fooled. No matter how the market falls, as long as we are not holding high-multiple contracts and honestly holding spot goods, there will definitely be a day of spring.
Yesterday, the market fell from the highest point of about 62,000 to today's lowest point of 57,600, a drop of more than 9%, which is the largest drop since the last big drop.
However, the drop is an opportunity to enter the market. I have repeatedly told everyone that this month's market is likely to be a volatile market.
Institutions will use this time to build positions, drive retail investors to panic by selling some chips, and institutions will slowly eat up retail investors' chips.
This time is expected to last for a long time. Therefore, when we encounter a big correction, we will enter the market to bargain hunt, and there is no need to panic.
Generally speaking, as long as investors who did not enter the market 24 years ago, the cost of reducing positions is often higher than 58,000.
Therefore, we buy the bottom at around 58,000 or below, which is equivalent to lowering the total holding cost. If we can buy and sell repeatedly within the oscillating trend, our cost will be further reduced.
So buying the bottom at this position will make money in the long run, but of course the risk in the short term is still relatively large.
At present, 57,000 is a strong support. If it falls below, it will be around 54,500.
In short, the market is like this. Everyone's operation is to buy the bottom when it falls, sell it after it rises, and hold the long-term position without moving.
