It is indeed very interesting to see the market following the movement of the U.S. stock market. As for the non-farm data, good news is good news, but it does not prevent good news from = bad news. Then the waterfall begins, killing the short positions first and then the long positions, and all the high-multiple contracts stand up.
It's Black Friday again! It's been a long night. It's finally the weekend. I can rest assured that there won't be a big drop. The current price of Bitcoin is around 54,000. From hating weekends to looking forward to weekends, what have the leeks experienced? Yesterday's market review, Bitcoin fluctuated around 56,000 during the day, and stood at 57,000 after the release of non-agricultural data at night. The good times didn't last long. After the opening of the US stock market, Bitcoin continued to smash the market until the closing price of the US stock market fell to 52,000. During the US stock market time, Bitcoin fell from 57k to 52k, a drop of 8%. The market has been too difficult to play recently. As the US interest rate cut cycle approaches, the big funds in the market are tightening. It is estimated that the main theme of the market in the next two weeks will still be risk aversion. Even if it is confirmed that the interest rate cut in September will be 25 instead of 50, I don't think it is now the stage for large institutions to completely throw away their arms and go all-in. External funds are hesitant, and internal funds dare not move at all. Overall, the market did fall to an important support level last night. Below 52,000 and the previous low of 49,000, many people will continue to buy the bottom, but the dog dealer should continue to wash out various false breakthroughs. Don't chase, be patient in the long term, and run in time in the short term. The current currency market is completely operated by Wall Street, and several dealers in the currency circle dare not move. So in this market, everyone should do more to adjust their positions, rather than rushing in recklessly! Do a good job in the short term step by step, and there will be basically no problem. It's hard, and it's hard for everyone. It depends on who can hold on to the end. That's all about the general direction.
I see a lot of people talking about panic selling.
This shows that the market is already in a panic, and the smell of fear is very strong. So where did the chips go in the panic selling? Did they evaporate on the spot?
Panic is definitely a deceptive logic trap. Even if you beat the shit out of retail investors, you can't get rid of the market crash. But you can scare retail investors so much that they pee and shit. Inexperienced traders are always controlled by various emotional outputs, and then manipulate their trading with emotions! People often say that trading is the art of waiting, but they always use vague words and fail to simply and clearly explain what they are waiting for. It seems that as long as they wait long enough, they can automatically ascend and become successful traders. So what are you waiting for? In fact, you are waiting for an opportunity that meets the trading rules. Price fluctuations outside the rules are noise. To make a joke: open long positions on sunny days, open short positions on cloudy days, and rest at other times... This is the most basic rule!
The market is never wrong
For BTC alone, it will be a bit troublesome in the short term, but for altcoins, it has reached the point where it can no longer fall, and the market rebound will inevitably come as expected. The important thing is to keep some ammunition. Not to mention keeping 50% of your positions short, at least you should have 30% of ammunition ready to participate at any time, otherwise you will be unable to move forward without chips when that day comes.
When can I go all in on altcoins?
Many people keep waiting, thinking they are smart and patient enough, but they don’t know that many altcoins don’t give you a chance at the bottom, and the coins that give you a chance are all rubbish.
1. It is hard to copy the lowest point of RATS, SATS, PIZZA, ORID now, especially pizza and sats, which have already risen 2-3 times. You waited during the panic, and then started to go all in when it rose 10 times? The bottom has come out.
2. Look at the Altcoin Index Total2 (Crypto Total Market Cap Excluding BTC, $) which has reached the oversold area at the weekly level again. In the past 805 days, Total2 has been oversold four times on a weekly basis. The last time occurred on September 11, 2023, and then the half-year Altcoin season began. The signal worth paying attention to is that when Total2 hits the oversold again, it may be a key time for the next Altcoin season to start. It is worth noting that Total2 reaching oversold does not necessarily mean that the market needs to fall sharply. It may also be like September 11, 2023, when the price is fluctuating and the indicator reaches oversold. I cannot guarantee that this time will completely replicate the past model, but I think the market adjustment brought about by this method is relatively mild, which is a more ideal situation.
Remember: high-quality counterfeits must be purchased in advance, rather than waiting for the lowest point of the pie to buy.
Let's talk about ONDO, which has two positives and one negative, and which coin is more cost-effective for holding in the RWA sector: 1: The entry threshold of the U.S. Treasury bond RWA product OUSG will be lowered next week, which will allow many retail investors to enter the market and purchase its U.S. Treasury bond products. 2: As the leader of RWA, it is currently only listed on Binance contracts, and has not yet been listed on Binance's spot. It will definitely be listed in the future, and it is very likely to pull up more than 30% by then. 3. On January 19th next year, 1.94 billion tokens will be unlocked, which is equivalent to 135% of the current circulation. If the market value remains unchanged, it is equivalent to the value of your assets being diluted by more than half. In summary, I personally suggest that friends who hold it should wait for it to be listed on Binance spot and then ship it out. Clear the position above 0.8. There is no need to plan this coin.
4. Those who are optimistic about the RWA sector can buy fully unlocked OM and TRU without any additional selling pressure.
There will always be an opportunity for a market reshuffle, and every reshuffle brings about danger and opportunity. Some people lose all their wealth overnight, while others gain an extra zero overnight. It mainly depends on how you look at the reshuffle and the crisis. Many people turn opportunities into dangers and fall before dawn; others turn dangers into opportunities and suddenly gain two more zeros in their net worth. It depends on how you look at it and with what mentality.
