Shit market.
The U.S. stock market plummeted as soon as it opened, which directly affected the cryptocurrency circle. Bitcoin was directly hit to the beginning of 54, and the possibility of continuing to fall is very high.
There is actually nothing to analyze in this market.
No matter how you analyze it, it's all nonsense. Today, Zeneca, the founder of ZenAcademy and The 333 Club, posted on the X platform that Bitcoin may fall to 18,000, and Sol will fall to 28...
After reading the original text carefully, I found that he just stated the result directly without any analytical basis.
Although this kind of person has resources and status, he must have a black heart.
It’s not that Thirteen is unhappy when the market falls, but such remarks will aggravate the panic in the market.
In fact, Thirteen is not bad. When the market fell, Thirteen kept buying at the bottom. But for most of the friends, this round of decline can be said to be a disaster.
In fact, there has never been such a frustrating market situation in the history of the cryptocurrency circle.
Although we have experienced a big drop, Thirteen has never experienced this kind of boiling frog in warm water. Especially after the Bitcoin halving cycle, the market fell instead of rising.
Compared with the previous sharp rise and fall, the current rise and fall of the cryptocurrency circle is a bit like boiling a frog in warm water.
But no one expected it to last so long.
2，
Is the bull market over?
Many people have this view that when the fear and greed index reaches 22, the market is extremely panic-stricken.
How should we respond?
If you like altcoins, you will definitely not be able to withstand this round.
If you are a believer in Tugou, I believe that you have already begun to think about quitting.
If you bet on the primary market, you are probably defending your rights now because all your money has been taken away.
...
In the cruel cryptocurrency world, all kinds of dirty things in the world can be seen here, and the evil of human nature is also displayed here to the fullest.
This is why Thirteen has always emphasized to everyone that we should embrace Bitcoin and Ethereum.
Although Ethereum's performance is poor, Shisan is still confident in its future.
If your positions are concentrated in mainstream currencies, you should relax now and don’t need to pay too much attention to the market.
No matter how much you lose now, you will get it back when the market picks up, and you will get back double your money.
3，
The non-farm data is out.
Thirteen originally thought that the data would at least cause the market to fluctuate slightly. However, although the data was slightly positive, investors still had a pessimistic view on the prospects of the US economy.
US stocks continued to fall.
It is also possible that this data has been artificially modified in order to avoid causing market panic.
As a result, there are too many smart people in this market and they have already responded according to the actual situation. If the interest rate cut is not timely and sufficient, it may take until the end of the year to get through this wave.
Perhaps the only way to save the market now is to cut interest rates.
With the US election approaching, the Biden administration will definitely revitalize the economy before November in order to win votes. It is now just digesting various negative factors in the market and preparing for takeoff.
If the economy is in trouble during the election, Harris' chances of winning are likely to be low.
Thirteen hopes that everyone will continue to have confidence in the future.
When the entire market is in panic, that is when the opportunities are greatest.
Similarly, if the bull market is rushing upwards, we should panic and take profit.
Making money in the cryptocurrency world is anti-human.
Most people are destined to lose money in the cryptocurrency circle. If most people are panicking, then read more of Thirteen’s articles and do the opposite.
Even if the worst happens, all we hold are mainstream currencies. There is nothing to be afraid of. We just need to wait a little longer.
There's no need to panic.
I hope the storm clouds come more violently so that we can grab the bloody chips.
