After two consecutive days of decline, Bitcoin went from above 66,000 to around 60,000, and Ethereum dropped from 2,700 to around 2,400. Was it because of the domestic A-share or Hong Kong stocks? Or was it because of the war in Iran? Or was it linked to the decline of the US stock market?
In short, the market has already fallen, and the decline was very smooth before and after the opening of the U.S. stock market yesterday. The bulls seemed to have no resistance. From the perspective of trading volume, the market also fell in large volume and closed with a long shadow. This is not a particularly good phenomenon for the bulls. The bulls were also severely killed in this wave of decline. More than 150,000 people had their positions liquidated for more than 500 million US dollars, and the bulls accounted for more than 400 million. Therefore, in this wave, the bulls suffered heavy losses again!
On the other hand, when the Hong Kong stock market opened today, the real estate and brokerage stocks rose sharply, which was no less than the copycat gains in the B circle. Therefore, the withdrawal of liquidity should exist! And yesterday, the US stock market also performed poorly, but the Chinese stocks continued to be strong. At this pace, it is hard to say whether it has fallen to the right level. We can only observe and don’t blindly buy the bottom. You can first pay attention to the support situation near 58,000, or wait for the bottom pattern to come out.
Big cake pays attention to the support near 58000. If it can't hold, it's hard to say. If it holds, you can try to add a wave! It is recommended to wait and see at the current position! After all, the rebound strength during the day is average! There is a possibility of falling again at any time!
What do you think about the future market? Will it continue to fall?
First of all, don’t panic and sell at a loss!
Most of the missiles were intercepted by Israeli and American defense systems, and there were no known casualties reported in Israel.
Therefore, it is recommended to hold patiently and wait for a rebound. In April, Iran launched missiles at an area that had been established, causing the market to fall.
Later, because there were no casualties, Israel did not continue to retaliate and the market began to rebound.
On-chain data in recent days shows that stablecoins are flowing out of exchanges, while a portion of BTC is flowing into exchanges.
Combined with Friday’s non-farm data, we will have to wait until the non-farm data is released this week before we can see a decent rebound.
In any case, we have now entered a cycle of interest rate cuts. The amount of the cut is not important. What is important is to make good use of the expectation of the interest rate cut.
A pullback is not a risk but an opportunity, at least before the interest rate is cut to 3% to 4%.
But there are really not many targets that can be invested in, except for the big cakes and a few leading memes.
Either accumulate slowly or enter the market on the right side while maintaining the same buying and selling.
For those who are already in the car, there is nothing much to say, just take good care of it!
Regarding the base price selection for copycat operations:
First of all, you can consider pepe and wif. These two sectors have always followed the market's growth closely and have a low tolerance for error. It is a good choice to make a wave back and forth. Without further ado, it is up to you how much you want to eat. For example, eating 10% or 15% and leaving is a good strategy!
Another one is CFX, which can be paid special attention to. Any pullback is a good opportunity. It is a domestic stock that has missed the A-share or Hong Kong stocks and is paid attention to by B-circle funds. Today's counter-trend rise shows that there are major players in charge, so you can ambush during the wash process!
If there is a real bull market in China, then CFX still has a great chance and it should double very quickly. In general, it is a target worth a try! If you didn't ambush before, although it has risen a bit now, it is also in the correction stage. You can arrange some positions at low prices and just hold on!
