The bull market always comes when you are least prepared. For example, before you can react, various coins have already surged. At this time, you may want to wait for it to pull back a little before entering the market, but the bull market is like a chicken blood injection, and it can't stop rising. At this time, you see that your account is still full of USDT and you are not on the train. You think you can wait a little longer, but the result is that the market is so high that you doubt your life. Finally, when you can't help but rush in, you often encounter the market starting to take a break...

The emergence of a bull market often means that the overall environment has improved, and smart money starts looking for places to invest. Moreover, a bull market always appears when everyone is desperate and thinks that the market has no hope. At the beginning, it is rising, rising, and rising, but in the process of rising, there will also be a sharp drop, and then a slow rise, and then a rapid plunge and then a slow rise. Does it look like today? The previous two rounds of bull markets were like this, rising and plummeting at the same time. In 2017, the decline was large and the rise was slow, and in 2021, the decline was small and the rise was fast. If you want the bull market to go steadily and far, it is healthy to have more plunges to clean up the leverage.

In a bull market, more plunges actually indicate that Bitcoin will eventually rise higher. This is what BTC looks like heading towards $100,000. The recent plunge is also due to the geopolitical crisis and other negative news. Don't be too scared. Now that it has broken through the historical high, let's keep a calm mind.

The bull market is still going on, and the grand occasion of thousands of coins flying together has not yet arrived. Don't look back and find that you didn't hold on to this coin, and that coin also flew away. You wanted to do a short-term trade, but ended up selling it and regretting it. When the bull market is over, you suddenly realize that you prepared hundreds of thousands of U to make a big move, but waited for so long, and the bear market came!

The most basic trading ideas

You have to understand that a market decline is not necessarily a bad thing. Instead, it gives you a chance to get a low price. Although it is a bit uncomfortable to watch the changes in your account when the market is not good, you can take the opportunity to stock up on low-priced chips. If you have no positions, you can decisively exchange the junk coins you bought for strong coins. Sometimes you miss very good opportunities because of hesitation. I believe everyone has encountered this. If you know how to manage your positions, a decline is a good opportunity for you to make money. Buy low and sell high. After a few rounds, you will get the profit. The key here is to grasp the rhythm of trading and know what to do.

If you encounter a currency that has not risen, sell it as soon as possible. Don't keep thinking that it can come back to life. That will only make you sink deeper and deeper. Why does it keep falling? You may not know the reason, but the fall is the most direct warning. Trading should be simple and direct. Buy when it rises and sell when it falls. Just follow the market.

In my opinion, the mentality is more important than the skills when trading. Because only when the mentality is stable can you calmly analyze and make decisions. People should be rational, especially in trading. Sometimes, even though you know you are wrong, you just don't repent. For example, when you stop loss, you always think that you can wait a little longer and maybe you can get it back. But trading is against human nature. You have to overcome your weaknesses. Only rational people can have the last laugh!

By the way, let’s talk about contracts. Both old leeks and novices will come into contact with them.

Contracts are not gambling, but some people use 100 times leverage right from the start and lose all their money overnight. This is not speculation, it is simply treating investment as gambling. There are two types of people who use high leverage. One is an old leek who likes high-risk operations, likes to take a small risk and is addicted to all-in. The other is a novice who knows nothing about position management and risk control, and loses money before he understands the contract.

Position management is very important when playing contracts. You have to use your money flexibly. For example, if you have 10,000U, you can use 1000U to open a 10x leverage, or you can use 500U to open a 20x leverage. But you have to set a stop loss line for yourself, such as 1%-3%, so that even if you lose money, it is within your tolerance range.

If you use 10000U to open 10x or 20x leverage, you may lose everything after a wave of market trends, and you won’t even have the chance to try and make mistakes. Your mentality will also be easily broken! So if you want to play contracts, you must first understand the basics, such as leverage multiples and funding rates. You must have a plan when playing contracts, and you must manage your positions well. Don’t rush in all at once, or you will end up losing everything!

The entire crypto market has been hit hard recently.

First, the Middle East started fighting again. Once the situation became chaotic, the financial market was like being rewinded, and our accounts were blown up again. Also, Bao said that the rate cut would not be as large as previously thought. Although he would still cut rates to help the economy, he was not in a hurry, because he did not want to cut too much at once. There are too many job vacancies in the United States, more than 8 million.

The manufacturing industry is not doing well either. The PMI index has fallen to 47.2%, the worst drop since May this year. It is lower than everyone expected. This is the sixth month of contraction. The Japanese stock market has also been in a bad state recently. It has been directly circuit-breakered. It may be because some previous problems have not been solved, or it may be because of the new policies of the new prime minister, such as interest rate hikes. Do you remember that when Bitcoin fell badly in early August, the Japanese stock market also circuit-breakered.

At this point, if the market continues to fall, everyone will panic. Think about it, in the past, when such news came out, the market would fall first, but this is often a good time to pick up bargains. The coin is still the same coin, the value has not changed, but the price has dropped due to some disturbances outside. As the old saying goes, the harder it falls, the higher it rebounds. Just like Bitcoin fell to 48,000 in early August, and then rose to 65,000. If you hold a valuable coin in your hand for a long time, you will not be afraid of any negative news!

After a few days of sharp decline, it’s time to ambush stocks like BTC, ETH, SOL, PEPE, SUI, DOGE, WIF, FET, AAVE, and BNX, otherwise you will miss this bull market! If you are still hesitant and confused, click on my avatar to follow me and I will guide you for free.

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