#BOME🔥🔥🔥
《Sector Rotation----Market is Thriving》
The first credit for this round of market is the DeFi sector. Two days ago, when Bitcoin fell and the market panicked, RARE stood firm and strongly led the rebound of the entire DeFi sector, and other currencies also benefited.
BOME, we finally filled our positions near 0.005850, and now it has rebounded slightly with the market rebound, but now Bitcoin has the momentum to rush above 6000, and we can reduce our positions when Bitcoin breaks through.
Bitcoin's current strong support position is near 58700, and the pressure level is near 60200. When BOME rebounds to around 0.007310, we can reduce our positions appropriately. If it breaks through this position, we can reduce our positions to around 0.007680.
Now the FTX compensation is getting hot. It is different from the Mentougou compensation. In short, Mentougou compensates with coins. A large amount of coins will cause selling pressure and panic in the market, while FTX compensates with US dollars, which increases liquidity funds for the market. This is a positive rather than a negative.
Although the market looks green, you must pay attention. The current market is just a rebound, not a reversal. Check whether your assets have increased. Do not blindly chase the rise. Reduce your position in time when you reach the profit target.
