September 8, 2024.
The current emotional temperature is 29°, which is in fear. Why is there greed and fear in the market? It is all due to the failure to meet psychological expectations.
Reasonable expectations are important.
It is unreasonable to overestimate assets in greed or underestimate assets in fear.
For example, at the end of 2023, fear will dominate the market.
Everyone underestimates assets and believes that the annualized return of Bitcoin will be zero, and it will end with a sharp drop at the end of the year.
Or in the first half of 2024, greed will dominate the market.
Everyone overestimates assets and believes that Bitcoin will rise to $100,000 or $120,000, and the bull market will end early.
Obviously, these two psychological expectations are unreliable.
When the market is in extreme greed or extreme fear, the pricing of assets is unreliable.
Last year was an over-rise, and this year is an over-fall.
In the global collapse in August, the Nikkei stock index monopoly, the US stock market crash, and the top four cryptocurrencies all hit new lows.
No asset will keep falling. Mispriced assets will eventually be corrected, even if it is an overcorrection~
#BTC走势分析 #BNBChainMemeCoin #美联储何时降息？ #以太坊基金会 #新币挖矿DOGS $BTC $ETH
