Why is the market going so hard:
First, the market rose too much in the last round. There should have been a big wash in January, but there was no adjustment. So the adjustment started in March. Then this adjustment should be an unprecedented big adjustment. So I said that in January, I will come in to buy the bottom when the cottage leader ORDI adjusts to 20u.
Second, it is necessary to deleverage. Too many long contracts have been accumulated, and there must be a huge amount of liquidation. As a result, August 5th was the time with the largest amount of liquidation in the history of the currency circle. Since it is the first in the currency circle, I think it is impossible to appear below 49,000 in the short term. In other words, the bottom is 49,000. The so-called recent second exploration should not be lower than 49,000, and the limit position is 50,000+.
Third, the current position is near the high point of the last bull market, and there are still many locked-in positions to be washed out, so there must be rebound adjustment and shock. This needs to be extended. So don’t feel strange even if it continues to fluctuate in September and October. This is a good thing. The longer the accumulation time, the stronger the explosion will be later, and the more you will earn from playing cottage.
