Last night, Bitcoin once surged to around $60,000, and market volatility gradually increased, which is closely related to the upcoming interest rate cut. However, the Fed's first interest rate cut is not worth paying too much attention to. The interest rate cut is good for the market in the long run, but it is possible to rise or fall in the short term. Whether it is a callback after the good news is implemented, or a callback has not arrived, or whether the first interest rate cut surges or not, it will not change my view on the general trend: the long-term trend of the market is still spiraling upward.
From the overall trend, the market is still in a bull market and is expected to hit a record high. Especially for those altcoins, most of them are currently at the bottom of the weekly level, ready to break through at any time. Once these altcoins break through, it is very likely to trigger a large-scale rally.
In addition, the performance of the main funds in the market is particularly important. Although the decline of Bitcoin is only 20%+, the adjustment range of altcoins is far beyond the normal fluctuation range of Bitcoin. Such fluctuations have undoubtedly shattered the dreams of many investors. Many investors have chosen to leave the market in the fierce market fluctuations, especially those who hold altcoin leverage. They may have completely bid farewell to this volatile market in the past few months.
The fluctuations in the cryptocurrency world are happening every day. Some people lose everything, while others achieve financial freedom. What is really scary is that desire is endless. Cryptocurrency is essentially similar to gambling. Someone once said that the price of Bitcoin has increased by more than 2 million times since its birth, which is shocking. Like most people, I also scoffed at Bitcoin when I first heard about it, but if I had bought a little bit at that time, I might be worth tens of millions or even hundreds of millions now. Who can resist such huge profits?
Money is important, but it is not a non-renewable resource. As long as people are still alive, money can be earned again. But when a person gets used to a higher standard of living, it may be difficult to return to the old days. There are many short-term players in the market. It is not easy to accurately grasp every entry and exit point, and position management is a big deal. Many people cannot effectively do T to reduce costs in a volatile market, so choosing the right entry time and managing positions is particularly important for most people.
When you make money, take some of it out first, protect your capital and stop loss, safety first. Instead of chasing every market hot spot, it is better to calm down and improve your investment strategy. Having a sound trading logic and system is more important than chasing short-term hot spots. The market is affected by various external factors, especially institutions, large investors and main players, but excessive attention to these factors may lead to information overload and blur your investment direction.
Remember, a clear investment philosophy and strategy is more important than chasing every fluctuation in the market. Stay calm and focus on your strategy, which will help you go further on the road of investment.
