Every time the market rises a little, some people start shouting "the bull market is back", and when it falls, they say the bull market is gone, but I really don't understand what these people are thinking. Does a slight rise mean that the bull market has arrived? Does a slight fall mean that the bear market is coming? In fact, both bull and bear markets have ups and downs, but the magnitude and frequency of the rise and fall are different. Bull markets will also have stages of adjustment and callback, and bear markets will also have rebounds and rises. It's like a marathon. The road cannot be flat all the way. There will always be ups and downs. The key is how you grasp the direction and recognize the true trend of the market, rather than being led by the short-term fluctuations in front of you. It would be too hasty to judge that the market has entered a bull market based on the increase in a certain day. Mature investors know that the rise and fall of the market cannot be determined by just one or two days. It is necessary to combine the long-term trend and observe the general trend. Therefore, don't rush in just because the market suddenly rises, and don't panic and sell just because the market falls a little. Real masters are often those who calmly treat each fluctuation and make rational judgments instead of being swayed by emotions and short-term fluctuations.
Entering October, the Iraq-Israel missile crisis also smashed a big hole in the crypto market, which can also be said to be a "gold pit". Whales and institutions cleverly absorbed funds, especially the US non-farm data released last night. The US non-farm employment growth in September exceeded all expectations, the largest increase since March, and the unemployment rate unexpectedly dropped to 4.1, alleviating the market's concerns about the significant deterioration of the labor market, and also causing traders and investment banks to withdraw their bets on a sharp interest rate cut in November. Some traders even worry that the Fed's interest rate cut in November may be less than 25 basis points. The "Federal Reserve News Agency" said that the September non-farm data may close the door to a 50 basis point interest rate cut in November, making the 25 basis point interest rate cut on track. However, after the recent sharp fluctuations, Bitcoin broke through 62,000 US dollars in one fell swoop, and Ethereum broke through 2,400 US dollars. The white market fluctuated slightly at a high level. Pay attention to the changes in the news in operation. Try to avoid frequently unlocked and suspected delisted coins!
